Spotify, the music streaming platform with 207 million users, is making good on its commitment to invest up to $500 million into its new podcasting business — a promise it made in February after announcing the acquisitions of podcast networks Gimlet and Anchor. Today, Spotify announced that it has acquired a small podcasting studio called Parcast, known best for true-crime and other factual serials in genres like mystery, science fiction, and history.
Sample titles in the 18 it has produced to date include Serial Killers, Unsolved Murders, Cults and Conspiracy Theories although it recently also launched Mind’s Eye, its first foray into fiction. Several of these have already clocked up millions of listens and have reached the top-ten ranks on iTunes’ podcast charts. Spotify said that Parcast has