- #Amazon buy podcast maker wondery Offline#
- #Amazon buy podcast maker wondery series#
- #Amazon buy podcast maker wondery tv#
A podcast service could also function as a value add for the company’s Echo speakers. With Amazon Music Unlimited, it competes against Spotify and other music streaming platforms, and a lot of Spotify’s recent success is tied to its decision to invest heavily in podcasts. However, it would be a logical expansion for the company.
In 2019, the company also launched Wondery+, its own subscription service.Īt first glance, it might be something of a head-scratcher to find out Amazon wants to get more involved with podcasting. This year, the company is reportedly on track to generate more than $40 million in revenue, and it’s among the most popular podcast networks in the US - two of its shows made it in Apple’s year-end podcast lists.
While not as well-known as Gimlet, Wondery is no slouch either. has entered exclusive talks to purchase independent podcast producer Wondery, the Wall Street Journal reported on Tuesday.The deal would value Wondery at more than 300 million. For context, Spotify bought Gimlet Media for approximately $230 million last year. The asking price is reportedly is in and around the $300 million mark.
#Amazon buy podcast maker wondery Offline#
Besides the online and offline retail and logistics business, it has a. The podcast network is best known for shows like Blood Ties and Dying for Sex. Amazon acquires the Wondery podcast network to compete with Spotify Amazon is the second most valued company in the US. This article was originally published by The Hollywood Reporter.Amazon is in talks to acquire Wondery, according to The Wall Street Journal. In its announcement about the Wondery acquisition, Amazon said that the deal would help it expand its offering for subscribers. Around one-third of all Americans listen to podcasts monthly. Of all those over 12 years of age, around half listen to podcasts regularly. The company also owns Audible, the audio book retailer that has expanded to offer podcast content. Here are some statistics to support the rise of podcasts. It added podcasts to its music service in September in a bid to compete with Spotify.
#Amazon buy podcast maker wondery tv#
Over the years, the e-commerce giant has built out an expansive entertainment arm to offer music, streaming TV and other perks to its annual Prime subscribers. Amazon said that the agreement, when it is finalized. Amazon Music has agreed to buy podcast studio Wondery in a bid to bolster its fledgling audio business.
#Amazon buy podcast maker wondery series#
Death and The Shrink Next Door and anthology series Business Wars.Īmazon adds Wondery to its portfolio amid a push to provide more podcast programming within its Amazon Music platform. Amazon Music has agreed to buy podcast studio Wondery in a bid to bolster its fledgling audio business. Its other projects include true crime series Dr. In the years since, Wondery has focused on building a pipeline of podcasts to adapt for film at TV.
It was turned into a Bravo series starring Connie Britton in 2018. The 2017 true crime podcast Dirty John was Wondery’s first break-out hit. ( SiriusXM purchased Stitcher for $265 million in July with earn outs that could boost the final deal price to $325 million.)įounded in 2016 by former Fox International executive Hernan Lopez, Wondery found early success partnering with media companies to produce compelling, and at times salacious, miniseries stories. The Wall Street Journal previously reported that the deal talks valued Wondery pegged the deal at over $300 million, which would make it one of the largest podcast acquisitions to date. The acquisition will give Amazon a stronger foothold to compete against the likes of Apple and Spotify, which have.
Universal Music Group Teams With Podcast Firm Wondery to Develop Original Content Amazon is buying podcasting start-up Wondery, the company announced Wednesday.
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