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. Amazon: Amazon plans to acquire podcast network Wondery, which will join Amazon Music Weve signed an agreement to acquire Wondery, a top-rated podcast creator and producer that entertains and educates listeners. 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. 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. The podcast network is best known for shows like Blood Ties and Dying for Sex. 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. Wondery is known for its gritty narrative-driven podcast style that applies cinematic sound. The company also owns Audible, the audio book retailer that has expanded to offer podcast content. Squawk Box Amazon buys podcast producer Wondery Amazon has agreed to acquire podcast producer Wondery. Wondery is looking for an Originals Producer, UK. Many Wondery series are being adapted for scripted television, including WeCrashed, The Shrink Next Door, and Dr. Amazon is to acquire American podcast publisher. It added podcasts to its music service in September in a bid to compete with Spotify. Ten of the Top 20 New Shows of 2020 in the US were from Wondery, according to Podtrac, and an impressive 31 of Wondery’s shows hit 1 on Apple Podcasts since 2017. Amazon reaches agreement on million-dollar acquisition of podcast maker Wondery NOW. 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. is in exclusive talks to purchase podcast startup Wondery, according to people familiar with the matter, as the tech giant pushes further into the growing audio sector. 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. 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. Universal Music Group Teams With Podcast Firm Wondery to Develop Original Content
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