Spotify, which presently has 170 million ad-supported and 138 million premium users, has formed a multiyear partnership with Chernin Entertainment (“Ford vs. Ferrari,” “Hidden Figures”) to adapt their original podcasts for television, film and digital video.
Under the first-look deal, the two companies will collaborate on investing in developing new projects. The deal covers Spotify’s growing slate of more than 250 original series, across Gimlet Media, Parcast, Spotify Studios, and Bill Simmons’ The Ringer.
A development executive will shortly be hired to identify promising podcasts and will dual report to the bosses of both companies.
Before this deal the pair have already teamed on a forthcoming TV adaptation of true-crime podcast series “The Clearing” about a woman who learns as an adult that her father was a serial killer.
Spotify has already launched nearly a dozen film and TV projects based on its podcasts, most notably Amazon’s “Homecoming” series.
Source: The Wall Street Journal
