Episode 20 - Wondery Podcasts for Sale
Wondery Podcasts is up for sale. A Bbloomberg report says it could fetch upwards of $200 million. The company’s revenue is up 75% year to year and reaches $9 million people a month.
The network features hit podcasts Dr. Death and Dirty John. Several of its shows are said to be in development into tv series.
Record labels, streaming services and TV networks are all looking for podcasts producers to invest in. Most prominently Spotify: who spent hundreds of millions of dollars on podcast companies Gimlet Media, the Ringer, Parcast and licensing the Joe Rogan Experience.
SiriusXM and IHeartMedia are also in the market for podcast buyers.