Dollarmites banned in Queensland, Spotify launches paid podcasts, Asahi buys Allpress coffee

Hey friends, welcome back to the Chris Chow show - where every week I break down the important business news in Australia and around the world.
This week we have Dollarmites leaving Queensland, Spotify launching paid podcasts, Asashi purchasing coffee brand Allpress and a video game publisher buying Bitcoin.
📰 New Stories 📰
Dollarmites: www.abc.net.au/news/2021-04-2...
Spotify: www.theverge.com/2021/4/27/22...
Allpress: www.smh.com.au/business/compa...
Nexon: www.coindesk.com/nexon-bitcoi...
_____
🤝 BE MY FRIEND 🤝
Facebook - / chrischowshow
Instagram - / chrischowshow
TikTok - / chrischowshow
Twitter - / chrischowshow
Disclaimer: I am not a financial adviser, I am not an accountant, I am not a tax adviser. This video and my channel is for general information only, as with anything in life you should do your due diligence and seek independent advice.
_____
The Queensland government will be discontinuing the Commonwealth Bank's Dollarmites program from it’s schools after the contract ends in July.
The school program has been around for nearly 90 years and was first instituted when the bank was still government-owned and operated in 1931.
Spotify is launching paid podcasts as it continues to go all in into the podcast space.
This new feature will be facilitated through Anchor, a podcast creation tool that Spotify purchased back in 2019 for reportedly $140 million USD.
Podcasters will be able to make specific episodes available for their paid subscribers. The service was initially trialed with a dozen independent creators, and is now expanding to those who had previously signed for the waitlist. The rollout will be limited to the US market initially and there will be three monthly pricing options: $2.99, $4.99, or $7.99 USD.
Japanese beverage titan Asahi has bought Melbourne based coffee company Allpress Espresso for an undisclosed amount.
The coffee brand was founded by Michael Allpress and started as a single coffee roastery in New Zealand in 1989 before crossing the ditch to Australia in 2000. Today the business has gone global with operations in the UK, Japan and Singapore.
In this week’s crypto corner, a South Korean-Japanese video game publisher said it made a $100 million purchase of Bitcoin.
To be specific, Nexon purchased 1,717 bitcoins at an average price of around $58,226, including fees and expenses. The purchase represents less than 2% of Nexon's total cash and cash equivalents on hand.
👋 WHO IS CHRIS CHOW 👋
Hello! My name is Chris, I'm a marketing manager working in Sydney, Australia. I have worked at Apple, Microsoft and HP in a variety of marketing roles. I make videos about personal finance, investing and saving money.
#Dollarmites #Allpress #Spotify