Wondery Will be a part of Amazon Music, Additional support for podcasts (Including his original show) in September. At the same time, the announcement claims that “nothing will change for listeners” and that the network’s podcasts will be available from “a variety of providers”.
Media Companies and streaming audio platforms are all betting big on podcasting, making a series of acquisitions with Spotify Podcast Network Including Gimlet, SiriusXM received the stature And The New York Times acquires Serial Productions. Amazon is coming to this market relatively late, but it will now have the support of the popular podcast creator as it works to catch up.
“With Amazon Music, Vandy will be able to continue its mission of providing more high-quality, innovative content and bringing a world of entertainment and knowledge to its audience wherever they listen,” Amazon wrote is.
Financial terms were not disclosed. Wall Street Journal previously reported Negotiations for that acquisition were in the works, and those negotiations valued Vandy for about $ 300 million.
Was startup Was founded in 2016 by former Fox executive Hernan Lopez (Who is it Currently fighting federal corruption charges Tied to his time at Fox). Number from podtrack Rank as the fourth largest podcast publisher in November, with more than 9 million unique listeners in the US.
Vande has raised a total of $ 15 million in funding from Advanceit Capital, BDMI, Grecroft, Lerer Hippo and others, According to Crunchbase.