Amazon all set to buy podcast maker 'Wondery'
"Amazon says this Wondery deal doesn’t change existing shows they’ll still be available through “a variety of providers.” "
Wondery, one of the last major independent podcast networks, might soon be owned by Amazon. Amazon.com Inc said it would acquire podcast startup Wondery, aiming to strengthen non-musical content on its Amazon Music app.
The wall Street Journal had reported that the talks were going on for the deal, and wondery was valued for more than $300 million. Though, Amazon hasn't disclosed the acquisition price.
Amazon is relatively a late entrant to the prospering podcast space, a key area of focus for Spotify Technology, which has been investing in big names in an effort to become the Netflix of audio content.
Amazon says this Wondery deal doesn’t change existing shows they’ll still be available through “a variety of providers.”
Wondery has about 20 million monthly unique listeners. Wondery houses popular podcasts like “Dirty John”, “Dr. Death”, and “Business Wars”, according to a Variety report.
Bloomberg News recently reported that both Apple Inc and Sony Music Entertainment have held talks about acquiring Wondery.
Source: Reuters
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