Wondery will develop into a part of Amazon Music, which added support for podcasts (together with its personal authentic reveals) in September. On the identical time, the announcement claims that “nothing will change for listeners” and that the community’s podcasts will proceed to be out there from “quite a lot of suppliers.”
Media corporations and streaming audio platforms are all making massive 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’ll now have the help of a well-liked podcast maker as it really works to catch up.
“With Amazon Music, Wondery will be capable to present much more high-quality, progressive content material and proceed their mission of bringing a world of leisure and information to their audiences, wherever they pay attention,” 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.