Amazon to enter podcast space soon – Latest News

Amazon.com Inc stated on Wednesday it might purchase podcast startup Wondery, aiming to beef up non-musical content material on its Amazon Music app.

Earlier this month, the Wall Avenue Journal reported that the companies have been in deal talks, pegging Wondery at a valuation of greater than $300 million.

Amazon is comparatively a late entrant to the booming podcast area, a key space of focus for Spotify Expertise, which has been investing in huge names in an effort to grow to be the Netflix of audio content material.

Wondery, which homes widespread podcasts like “Soiled John”, “Dr. Loss of life”, and “Enterprise Wars”, has about 20 million month-to-month distinctive listeners, in response to a Selection report.

Final month, Bloomberg Information reported that each Apple Inc and Sony Music Leisure have held talks about buying Wondery.