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

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more

Vodafone: From Titan To Pipe

Vodafone: From Titan to Pipe, and How Telecoms Gave Away the Real Prize Vodafone's story is one of the ... Read more

Investors Pile Into Nigerian Debt

Nigeria is attracting a fresh wave of investor interest as high-yielding local debt draws in global capital, but the sur... Read more

US Presses Banks On AI Cyber Threat

US Treasury secretary Scott Bessent convened the chief executives of some of the country’s largest banks this week to ... Read more

Oil Supply Crunch Deepens

The last oil tankers to pass through the Strait of Hormuz before the outbreak of war are now approaching their destinati... Read more

Anthropic Unlocks Nuclear Power!

Anthropic has committed to spending hundreds of billions of dollars on computing infrastructure through a series of deal... Read more