Amazon In Talks To Buy Podcast Publisher Wondery: Report

Internet giant Amazon is in talks to buy podcast publisher Wondery, which serves up hit audio shows "Dr. Death" and "Serial," the Wall Street Journal reported on Wednesday.

West Hollywood-based Wondery boasts being the world's largest independent podcast publisher, and has reportedly also explored the potential for acquisition with Apple and Sony Music Entertainment.

Industry tracker Podtrac ranked Wondery as being the fourth most listened to podcast publisher in the US in November, with slightly more than 9 million people tuning in to audio programs it hosts.

Podcasts have boomed in popularity, with people tuning in to hear compelling real or scripted stories as well as interviews.

Launched in 2016, Wondery has won audiences for shows such as Dr. Death, Dirty John, Business Wars, The Shrink Next Door, and Gladiator.

Wondery is seeking $300 million or more from a suitor, according to US media reports.

Amazon and Wondery both declined comment on the report.

Word that Wondery is open to being bought comes as its chief executive Hernan Lopez defends himself against federal criminal charges over alleged bribes paid for broadcasting rights to major soccer tournaments while he worked as a Fox executive.

Amazon, which already offers some podcasts through its music app, is facing increased scrutiny from antitrust enforcers for its growing dominance over key sectors of the economy as it expands in retail and streaming media.

gc/rl

Copyright AFP. All rights reserved.

RECENT NEWS

OpenAI Faces Renewed Competitive Pressure

OpenAI is entering a more demanding phase of the consumer AI race after Sam Altman issued a call for staff to concentrat... Read more

META Prepares Sharp Cut To Metaverse Spending

Meta is preparing to scale back its metaverse ambitions as Mark Zuckerberg accelerates a strategic shift towards artific... Read more

BoE Loosens Capital Rules

The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more

BlackRock Looks To Human Fund Managers

BlackRock is overhauling its flagship quantitative hedge fund as it prepares to challenge some of the industry’s most ... Read more

Nvidia Chip Demand Defies Talk Of A Slowdown

Nvidia has delivered another set of powerful quarterly results that eased investor nerves and strengthened confidence in... Read more

META Wins Antitrust Case

Meta has secured a decisive victory in one of the most significant US antitrust cases in years, after a federal judge re... Read more