By Dade Hayes Finance Editor EXCLUSIVE: With podcasting continuing to surge as a form of media and entertainment, and audio properties increasingly of interest to the film and TV business, MGM is taking a stake in a new entrant in the field called Audio Up.
The company was founded by Jared Gutstadt, former founder and CEO of the audio agency Jingle Punks, as a production studio, platform and network dedicated to podcasts.
Its debut title last month was the Dennis Quaid-hosted interview show The Dennaissance. Audio Up’s scope includes scripted podcasts, including musicals, as well as interview series.
As part of MGM’s investment, Audio Up will produce and distribute up to five podcasts per year for MGM and give its new investor an
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