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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Acquires Podcast Hosting Platform Start-up

December 20, 2021 GMT

LONDON--(BUSINESS WIRE)--Dec 20, 2021--

Global, the media & entertainment group, today (20 December 2021) announced it has acquired podcast hosting, analytics and monetization platform, Captivate.

Captivate is a podcast hosting company based in Sheffield, England which hosts over 14,000 podcasts and has developed a range of innovative features to help podcasters with distribution, first-party attribution and podcast promotion, helping independent podcast creators to harness, grow and monetize their audio influence.

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The Captivate platform, founded by Mark Asquith and Kieran McKeefery, who will be staying with the business, will be integrated into Global’s audio entertainment offering Global Player, and podcast creators will be able to scale up monetization opportunities with Global’s proprietary digital ad platform DAX (Digital Ad Exchange), the market leader in digital audio advertising and a pioneering platform in programmatic outdoor advertising.

Captivate co-founder, Mark Asquith, said: “Our vision for Captivate has always been clear: to proactively help independent podcast creators build their audio brand and to deliver a diverse range of monetization options for them. Joining Global allows us to continue to fulfil that vision by bringing DAX and Global Player to Captivate podcasters, while also providing more opportunities for the platform to positively contribute to future of the industry.”

Les Hollander, CEO DAX, North America, said: “Captivate offers a suite of creator tools including hosting and monetization options through their self-service platform, one that’s highly regarded by the worldwide audio market. Combining Captivate technology with the soon-to-be -launched DAX Audio SSP in the US allows Global and DAX to offer a complete ad stack to creators and publishers with an array of options for automated monetization. Podcasters both large and emerging will be able to enjoy world class capabilities to enhance their offerings. As podcast content and advertiser demand continue to accelerate, there is a continued need for automated solutions.”

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Global Player has experienced massive growth thanks to the rising popularity of smart speakers and increased digital listening. As well as streaming live radio, Global Player users can skip songs and go to playlists, watch video from guest interviews, listen to a wide range of podcasts including Global Originals like My TherapistGhosted Me and Hunting Ghislaine, and watch live streams of Global’s events, such as Capital’s Jingle Bell Ball with Barclaycard.

The acquisition of Captivate follows Global’s recent acquisition of innovative US-based next-generation digital audio content and technology start-up, Remixd. Now integrated into Global Player and DAX, Remixd technology enables digital publishers to convert online written articles into audio content with targeted adverts inserted, as Global continues its focus on scaling digital audio.

-ENDS-

About Global:

Global is one of the world’s leading Media & Entertainment groups.

Europe’s largest radio company, Global is home to respected, national market leading media brands broadcasting across the UK on DAB & FM and around the world on Global Player, including Capital, Heart, Classic FM, LBC, LBC News, Global’s Newsroom, Smooth, Radio X, Capital XTRA and Gold. Global Player allows listeners to enjoy all of Global’s radio brands, award-winning podcasts, and expertly curated playlists, in one place in app, on web and on smart speakers.

Global is also one of the leading Outdoor companies in both the UK & Europe, with over 235,000 sites reaching 95% of the UK population. Global’s extensive and diverse outdoor portfolio encompasses Transport for London’s Underground network, almost all major UK airports including Gatwick, the UK’s largest portfolio of roadside posters and premium digital screens in prime locations, as well as the UK’s largest network of buses including all major cities.

On-air, on Global Player and with our outdoor platforms combined, Global reaches 51 million individuals across the UK every week, including 25.7 million on the radio alone.

Global created and operates DAX (Digital Ad Exchange), the market leader in digital audio advertising and a pioneering platform in programmatic outdoor advertising.

The company headquarters is in London’s iconic Leicester Square. Ashley Tabor-King OBE is Founder & Executive President, Stephen Miron is Group CEO, Lord Allen is Chairman and James Rea is Director of Broadcasting & Content. Ashley Tabor-King created Global in 2007.

www.global.com

@global

About DAX

DAX is a pioneering digital audio advertising exchange connecting brands with audiences at scale across music, radio and podcasts. Advertisers on DAX can reach more than 110 million listeners through impactful formats, smart targeting, and award-winning effectiveness tools. Premium publisher brands on DAX include TuneIn, Audiomack, LiveXLive powered by Slacker Radio, AccuRadio, and Beasley. Global, the Media & Entertainment group launched DAX in the US in 2018.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211220005411/en/

CONTACT: Mediaenquiries:

Justine Bower

Director of Communications

justine.bower@global.com

+44 7834622282

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: TECHNOLOGY OTHER COMMUNICATIONS ENTERTAINMENT ONLINE COMMUNICATIONS MOBILE ENTERTAINMENT SOFTWARE TV AND RADIO MUSIC

SOURCE: Global

Copyright Business Wire 2021.

PUB: 12/20/2021 08:43 AM/DISC: 12/20/2021 08:43 AM

http://www.businesswire.com/news/home/20211220005411/en