EntertainmentTVAmazon Buys Podcast Startup Wondery

Amazon Buys Podcast Startup Wondery

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A handful of Wondery’s podcasts have been tailored into tv exhibits lately.

Amazon introduced on Wednesday that it’s buying podcast startup Wondery, marking one other main push into audio content material for the corporate.

Amazon started providing podcasts on its Amazon Music Service in September 2020. Amazon’s buy of Wondery, which was the most important impartial podcast firm available on the market, may assist it higher compete with rivals corresponding to Spotify and Apple within the more and more profitable podcast market. Amazon already owns Audible, a podcast and audiobook service that additionally boasts its personal authentic content material

Phrases of the deal weren’t disclosed.

“Amazon Music launched podcasts in September 2020, and along with Wondery, we hope to speed up the expansion and evolution of podcasts by bringing creators, hosts, and immersive experiences to much more listeners throughout the globe,” Amazon said in a statement.

Wondery, which was based in 2016, provides a wide range of widespread podcasts, together with “Soiled John,” a real crime story about an abusive man, “Dr. Loss of life,” which facilities on medical malpractice, and “Joe Unique: Tiger King,” amongst others. A handful of Wondery’s podcasts, together with the aforementioned “Soiled John” and “Dr. Loss of life,” have or are being tailored into tv exhibits.

It’s unclear how the deal may affect future movie and tv variations of Wondery’s podcasts. An Amazon spokesperson declined remark. A Wondery spokesperson didn’t return a request for remark.

Amazon famous in its announcement of the deal that Wondery’s podcasts would proceed to be obtainable on platforms exterior of Amazon Music.

“When the deal closes, nothing will change for listeners, they usually’ll proceed to have the ability to entry Wondery podcasts by way of a wide range of suppliers,” Amazon stated in a press release.

Earlier in 2020, Wondery CEO Chief Govt Hernan Lopez was charged with wire fraud and cash laundering alongside two former FOX TV executives. The Los Angeles Times reported on Wednesday that Lopez will depart Wondery after the deal closes and the corporate’s Chief Working Officer Jen Sargent will take over the management staff.

The Wall Street Journal reported on December 2 that Amazon was in talks to purchase the podcast maker. The talks valued Wondery at over $300 million, in keeping with the publication. The corporate was valued at $100 million in July 2019.

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