Spotify’s Podcast Teams Haven’t Received Annual Budgets as Layoff Rumors Spread

Podcast teams at Parcast and Gimlet Media haven’t been able to greenlight new shows or approve travel allowances for existing productions

Photographer: Tiffany Hagler-Geard/Bloomberg

Hi, welcome back to Soundbite. This week was a short one, so we’re going to run through a couple stories and get out of here. As always, if you have something to share, reach me through email, and if you haven’t yet subscribed to this newsletter, please do so here.

I published a story yesterday about música Mexicana, or Mexican music, and its absolute domination across Bloomberg’s latest Pop Star Power Rankings. Peso Pluma, a 23-year-old from Guadalajara, came in at the top of the list with more than 600 million streams on Spotify in April and more than 800 million views on YouTube. Turns out I timed my story unintentionally well — yesterday, Bizzarap, a popular Argentinean producer, released his most recent Bzrp Music Sessions installment on YouTube, featuring none other than...Peso Pluma.