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Amazon Music to Acquire Podcast Startup Wondery
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hollywoodreporter.com
hollywoodreporter.comAmazon Music has agreed to buy podcast studio Wondery in a bid to bolster its fledgling audio business. Terms of the deal weren't disclosed.
Amazon said that the agreement, when it is finalized next year, is not expected to change how listeners can find and access Wondery shows, which are currently distributed on a number of podcast platforms.
Wondery's sale follows a period of frenzied M&A activity around the fast-growing podcast sector. Other startups, including Gimlet Media, Stitcher, Parcast and Megaphone, have all been snapped up in the last two years major tech and media players including Spotify, Sirius, iHeartRadio and The New York Times invest heavily in the medium amid an uptick in listenership in the U.S.
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