Music Ally Focus #21: Sony Music doubles down on podcasts with Somethin' Else acquisition – so does it mean that major labels are creeping slightly away from the music business?

Music business news, analysed in brief by Music Ally's Stuart Dredge and Joe Sparrow.  Spotify has evolved from a pure music-streaming service to an 'audio-first' platform including podcasts and live audio. Perhaps major labels are going down a similar evolutionary path. Sony Music is the latest to beef up its podcasting activities. It has acquired UK-based radio, podcasts and TV producer Somethin' Else for an undisclosed amount, as part of an expansion of its global podcasts division. Joe and Stu delve into what's behind this purchase - and if it means major labels are creeping away from the music business. Ⓜ️ Subscribe to Music Ally's industry-standard analysis, reporting and news: musically.com/subscribe 👋 Sign up for Music Ally’s free weekly newsletter, The Knowledge – an at-a-glance overview of the whirling, weird maelstrom that is the modern music industry: musically.lnk.to/knowledgepo Instagram: https://www.instagram.com/musicallybiz Twitter: https://twitter.com/musically Facebook: https://www.facebook.com/musicallyfb