Spotify had announced it would spend nearly $500 million on podcast plans. Moreover, these podcasts have incredible monetization capabilities, with Spotify aiming to charge premiums and subscriptions from users to maximize this potential. Spotify has capitalized on a market that very few thoughts existed and is gaining many benefits out of it. These include deals with Joe Rogan, DC Comics, and Kim Kardashian. Spotify has made bullish moves in the market by making some high-profile podcast deals. Are they the future of entertainment? How have podcast acquisitions affected Spotify Stocks and their valuation? What do these individual deals mean for Spotify and its podcasters? Let us have a look. Both of them are incredibly famous personalities and signing Podcast deals with Spotify shows us a new trend that may be forming. After Joe Rogan signed a $100 million deal with Spotify, Kim Kardashian soon followed a few weeks later. Spotify stocks with return on equity are forecast to be high in 3 years (42.29%) and have skyrocketed in valuation with the acquisitions of two of the most famous podcasters in the industry.
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