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. Death” and “Over My Dead Body.” The podcast producer and network says it counts more than 10 million unique listeners each month. Listen ad-free on Wondery+ or on Amazon Music with a Prime.
#Amazon to buy podcast maker wondery series#
Wondery, founded in 2016, has produced some of the most popular podcasts in recent years, including true crime series like “Dirty John,” “Dr. New episodes come out every Monday for free, with 1-week early access for Wondery+ subscribers. An Amazon spokesperson declined to comment. Amazon Music in September added podcasts to its platform, looking to carve out a share of the increasingly competitive podcasting market, in which Spotify, Apple and others have gained ground. “The Foundation will seek to help progress the fight against systemic bias and racism, while also enabling underrepresented individuals to break through these ceilings through grants, training and networking programs,” Lopez wrote on LinkedIn.Amazon announced Wednesday that it’s acquiring podcasting company Wondery, expanding its catalog of original audio content.Īs part of the deal, Wondery will join Amazon Music, the e-commerce giant’s music streaming business. Lopez plans to focus on the Hernan Lopez Family Foundation. “I’m completely confident that when I have the chance to be before a jury, if it ever gets to trial, I’ll be vindicated,” Lopez said in an interview with The Times earlier this year.Īfter the acquisition deal closes, Lopez will leave Wondery and the company’s Chief Operating Officer Jen Sargent will take over the leadership team, Amazon said. Amazon already has a strong presence in digital audio content via. The acquisition will give Amazon a stronger foothold to compete against the likes of Apple and Spotify, which have.
Lopez has pleaded not guilty to the charges. Amazon to buy podcast maker Wondery Amazon is buying podcasting start-up Wondery, the company announced Wednesday.
#Amazon to buy podcast maker wondery tv#
Times on its true crime tale “Dirty John” and produced and marketed two other Times podcasts, “Man in the Window” and “Detective Trapp.”Įarlier this year, Wondery Chief Executive Hernan Lopez faced questions about whether he should continue to lead the company after he was among two former Fox TV executives charged with money laundering and wire fraud over alleged bribes involving broadcasting rights to the World Cup and other high-profile soccer tournaments. The company, founded in 2016, has produced more than 50 podcasts with 16 shows in TV development.
Amazon’s purchase of Wondery, which was the largest independent podcast company on the market, could help. As the industry consolidated, speculation intensified that the business would be acquired. Amazon began offering podcasts on its Amazon Music Service in September 2020. West Hollywood-based Wondery, one of the country’s large podcast publishers, weighs a sale as it grapples with industry consolidation, increased competition and a federal investigation against its CEO and founder.īefore Amazon’s announcement, Wondery remained one of the few remaining large independent podcast publishers. Company Town Wondery CEO who built a podcasting powerhouse vows to fight federal corruption charges
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