- Amazon.com, Inc. (NASDAQ: AMZN) announced that it has confirmed Wondery. These are the details.
Amazon.com, Inc. (NASDAQ: AMZN) announced that it has confirmed Wondery, a podcast company known for producing hits like “Business Wars,” “Dr. Death ”and“ The Shrink Next Door ”.
The deal was valued at $ 300 million, according to New York Times sources. And it was reported that Apple was also seeking a deal with Wondery before the deal with Amazon was made. Wondery is also working on a list of original TV shows based on its podcasts.
Over the past two years, the podcast market has warmed in large part due to shelter-in-place orders associated with the COVID-19 pandemic. Spotify has acquired companies such as Loudr, Gimlet Media, Anchor FM, Parcast, SoundBetter, The Ringer and Megaphone over the past two years and they have also made exclusive deals for podcast content from famous celebrities and politicians.
Wondery founder Hernan Lopez was previously an executive at Fox. And he will step down as CEO of the company after the deal with Amazon is concluded. Wondery COO Jen Sargent will oversee the company going forward.