Published On: Thu, Dec 31st, 2020

Amazon acquires podcast network Wondery

Amazon only announced that it’s appropriation Wondery, a network behind podcasts including “Dirty John” and “Dr. Death.”

Wondery will turn partial of Amazon Music, that combined support for podcasts (including a possess strange shows) in September. At a same time, a proclamation claims that “nothing will change for listeners” and that a network’s podcasts will continue to be accessible from “a accumulation of providers.”

Media companies and streaming audio platforms are all creation large bets on podcasting, with Spotify creation a array of acquisitions including podcast network Gimlet, SiriusXM appropriation Stitcher and The New York Times appropriation Serial Productions. Amazon is entrance comparatively late to this market, though it will now have a support of a renouned podcast builder as it works to locate up.

“With Amazon Music, Wondery will be means to yield even some-more high-quality, innovative calm and continue their goal of bringing a universe of party and believe to their audiences, wherever they listen,” Amazon wrote.

Financial terms were not disclosed. The Wall Street Journal formerly reported that merger talks were in a works, and that those talks valued Wondery during around $300 million.

The startup was founded in 2016 by former Fox executive Hernan Lopez (who’s now fighting sovereign crime charges tied to his time during Fox). Numbers from Podtrac arrange it as a fourth largest podcast publisher in November, with an assembly in a U.S. of some-more than 9 million singular listeners.

Wondery has lifted a sum of $15 million in appropriation from Advancit Capital, BDMI, Greycroft, Lerer Hippeau and others, according to Crunchbase.

Amazon Music adds podcasts, including a possess strange shows

 

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