![]() The company also owns Audible, the audio book retailer that has expanded to offer podcast content. It added podcasts to its music service in September in a bid to compete with Spotify. 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. Apple recently held acquisition talks with podcast producer Wondery, which is looking to sell itself for between 300 million and 400 million, according to a report Friday. He pleaded not guilty in the spring and is challenging the indictment.Īmazon adds Wondery to its portfolio amid a push to provide more podcast programming within its Amazon Music platform. Earlier this year, Lopez was indicted on wire fraud and money laundering conspiracy charges related to his time as a Fox executive. He is expected to focus his attention on his newly created Hernan Lopez Family Foundation. ![]() Lopez will leave the company after the transaction is complete and chief operating officer Jen Sargent will take over leadership of the company, according to an Amazon spokeswoman. ![]() Death and The Shrink Next Door and anthology series Business Wars. 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 service has expanded its original audio content over the past few years, as well as beefed up its slate of free podcasts, including popular shows "This American Life," "Pod Save America" and "You're Wrong About.Jharrel Jerome Towers as 13-Foot Giant in Absurdist 'I'm A Virgo' Trailer The company also owns Audible, which hosts audiobooks and podcasts. Meanwhile, Apple has slowly expanded its original podcast efforts and its Podcast app is installed on iPhones by default.Īmazon has a foothold in audio content beyond Amazon Music. It has also acquired four companies to expand its library, including The Ringer, Gimlet Media, Anchor and Parcast. Spotify has invested heavily in producing original podcasts, including, most recently, a deal with Prince Harry and wife Meghan Markle. Amazon, Apple and Spotify have all sought to add podcasts to their streaming services as the medium has become the most popular way to listen to music and it allows them to differentiate their services with original podcasts. ![]() The deal comes at a time when Spotify, Apple and others continue to jockey for dominance in the podcasting market. 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. From Wondery and Bloomberg, the makers of The Shrink Next Door, comes a new story of incredible wealth, betrayal, and what happens when doing good goes really, really bad. Death" and "Over My Dead Body." The podcast producer and network says it counts more than 10 million unique listeners each month. Wondery, founded in 2016, has produced some of the most popular podcasts in recent years, including true crime series like "Dirty John," "Dr. An Amazon spokesperson declined to comment. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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