Wondery will change into a part of Amazon Music, which added support for podcasts (together with its personal unique exhibits) in September. On the similar time, the announcement claims that “nothing will change for listeners” and that the community’s podcasts will proceed to be out there from “a wide range of suppliers.”
Media corporations and streaming audio platforms are all making large bets on podcasting, with Spotify making a collection of acquisitions including podcast network Gimlet, SiriusXM acquiring Stitcher and The New York Times acquiring Serial Productions. Amazon is coming comparatively late to this market, however it’s going to now have the assist of a preferred podcast maker as it really works to catch up.
“With Amazon Music, Wondery will have the ability to present much more high-quality, progressive content material and proceed their mission of bringing a world of leisure and data to their audiences, wherever they hear,” Amazon wrote.
Monetary phrases weren’t disclosed. The Wall Road Journal previously reported that acquisition talks have been within the works, and that these talks valued Wondery at round $300 million.
The startup was founded in 2016 by former Fox executive Hernan Lopez (who’s currently fighting federal corruption charges tied to his time at Fox). Numbers from Podtrac rank it because the fourth largest podcast writer in November, with an viewers within the U.S. of greater than 9 million distinctive listeners.
Wondery has raised a complete of $15 million in funding from Advancit Capital, BDMI, Greycroft, Lerer Hippeau and others, according to Crunchbase.