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Spotify is making yet another big budget purchase aimed at getting a lead in the growing podcast industry: The streaming music company has agreed to a deal to purchase The Ringer, the podcast-centric media company run and owned by Bill Simmons.Spotify intends to hire Simmons and all of his approximately 90 employees. Like The Ringer, Barstool also has a significant podcast business, which it says generates around $30 million a year; Penn National intends to use Barstool’s name and appeal to rebrand several of its casinos, and to launch an online sports betting business.
As said here by Peter Kafka