Amazon simply announced that it’s obtaining Wondery, the network behind podcasts consisting of “Dirty John” and “Dr. Death.”
Wondery became part of Amazon Music, which delivered guides for podcasts (including its personal authentic shows) in September. At the same time, the statement claims that “not anything will exchange for listeners” and that the network’s podcasts will remain available from “a whole lot of providers.”
Media companies and streaming audio platforms are all making large bets on podcasting, with Spotify making a chain of acquisitions inclusive of podcast community Gimlet, SiriusXM acquiring Stitcher and The New York Times obtaining Serial Productions. Amazon is coming exceptionally overdue to this marketplace, but it’ll now have the assistance of a famous podcast maker as it works to capture up.
With Amazon Music, Wondery may be capable of provide even more outstanding, innovative content and continue their undertaking of bringing a global of amusement and knowledge to their audiences, anyplace they pay attention,
Financial phrases have now not been disclosed. The Wall Street Journal formerly mentioned that acquisition talks were in the works, and that the talks valued Wondery at around $300 million.
The startup became based in 2016 via former Fox govt Hernan Lopez (who’s presently preventing federal corruption charges tied to his time at Fox). Numbers from Podtrac rank it as the fourth biggest podcast writer in November, with a target market inside the U.S. Of more than 9 million specific listeners.
Wondery has raised a total of $15 million in investment from Advancit Capital, BDMI, Greycroft, Lerer Hippeau and others, according to Crunchbase.
Related: Amazon Smile