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Bloomberg reported in September that Wondery was exploring a sale. Speculation of the deal had been building since earlier this month, when The Wall Street Journal reported Amazon was in talks to acquire the podcaster. Death” and “Over My Dead Body.” The podcast producer and network says it counts more than 10 million unique listeners each month.
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Wondery, founded in 2016, has produced some of the most popular podcasts in recent years, including true crime series like “Dirty John,” “Dr. Wonderys work will now be available through Amazon Music, per the company Wondery has put out podcasts including Dirty John, Dr. An Amazon spokesperson declined to comment. Amazon Music in September added podcasts to its platform, looking to carve out a share of the increasingly competitive podcasting market, in which Spotify, Apple and others have gained ground. LionTree LLC advised Wondery on the deal.Amazon announced Wednesday that it’s acquiring podcasting company Wondery, expanding its catalog of original audio content.Īs part of the deal, Wondery will join Amazon Music, the e-commerce giant’s music streaming business. It is on pace to increase its revenue to more than $40 million this year. Its last funding round, in June 2019, valued the company at more than $100 million, the Journal reported. Wondery's funders include Waverley Capital, Advancit Capital, Lerer Hippeau and Greycroft. Disney didn't immediately respond to a request for comment.
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Fox said in a 2017 trial that it didn't know about or approve any bribes. Amazon didn't comment on the charges against Mr. Lopez worked, Fox International Channels, was absorbed by Walt Disney Co. indictment "alleges nothing remotely improper." Lopez, Matthew Umhofer, told the Journal earlier this year that the U.S. Lopez was charged with participating in an alleged scheme to pay millions of dollars in bribes to soccer officials in exchange for broadcasting rights when he was an executive at Fox Sports. Lopez will focus on the Hernan Lopez Family Foundation, a new initiative aimed at combating systemic bias and racism, the people said. Lopez's departure, the people said.Īfter the deal closes, Mr.
The podcast producer and network says it countsmore than 10 million unique listeners each month. Jen Sargent, the company's chief operating officer, will take over management of Wondery upon Mr. Wondery, founded in 2016, has produced some of the most popular podcasts in recent years, including true crime series like Dirty John, Dr. Wondery Chief Executive Hernan Lopez will be leaving the company after the deal closes, according to people familiar with the matter.
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And earlier this year, the New York Times announced the acquisition of Serial Productions, maker of the hit podcast "Serial." purchased podcasters Pineapple Street Media and Cadence13. Last year, radio company Entercom Communications Corp. Spotify Technology SA recently bought Gimlet Media, the Ringer and Parcast, expanding its capacity for producing and monetizing podcasts.ĭow Jones & Co., publisher of the Journal, has a content partnership with Spotify's Gimlet unit. Several other podcast startups have been acquired in recent years as technology, radio and news companies seek new listeners. Wondery will be joining Amazon Music, the division of the company that offers listeners music-streaming and podcasts.
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Wondery podcasts will continue to be available to listeners on a variety of platforms for free when the deal closes, Amazon said. Death," "Dirty John" and "The Shrink Next Door" - would allow the company to deepen its podcast offerings.
Wondery is known for its gritty, narrative-driven podcasts that apply cinematic sound design to nonfiction stories.Īmazon said acquiring Wondery - the maker of true-crime shows like "Dr. Founded in 2016, Wondery is one of several audio startups that blossomed in recent years as podcasting caught on with advertisers and listeners.
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