$10 billion in, Spotify digs in on podcasts and opens new Hollywood studios [Los Angeles Times (CA)]
Live Nation Entertainment, Inc. (LYV)
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Source: Los Angeles Times
The nearly 11,000-square-foot space features five studios and Spotify staff to help produce shows. Part of Spotify's $10 billion podcasting investment, The Ringer's video podcasts will stream on Netflix starting early 2026. Just down the street from Roc Nation, SiriusXM and Sony Music, Spotify is joining Hollywood's Sycamore media district with a brand-new podcast studio. The new, invitation-only space will be the company's second studio location in Los Angeles and will cater mostly to video podcasts. When Spotify moved into its campus in the Arts District in 2021 , podcasting was primarily an audio experience, and the DTLA studios reflected that. But as the listening format began to evolve into a visual one , Roman Wasenmüller, Spotify's vice president of podcast and video, said the company needed to revamp and expand its facilities to meet the growing demand. The Arts District studios will remain open and focus on audio content while the new Hollywood location will provid
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