SiriusXM Acquires Conan O’Brien’s Team Coco Podcast Company for $150 Million

SiriusXM Holdings, Inc. today announced the acquisition of Team Coco, a podcast network and digital media business led by Conan O’Brien. $150 million transaction (first reported value) wall street journal) will watch former NBC and TBS late-night host interview podcasts “Conan O’Brien Needs a Friend” and 10 other podcasts such as “Inside Conan” and “Why Won’t You Date Me?” Nicole Byer, “Parks and Recollection” and others.

As part of the deal, Conan also signed a five-year talent contract with SiriusXM. Not only will he remain the host of his hit podcast, but he will also work with a broadcaster to create and run a new original Team Coco comedy channel for SiriusXM subscribers. Team Coco’s employees will also join SiriusXM.

‘Conan O’Brien Needs a Friend’ released in 2018 More than two-thirds of 16 million monthly downloads All Team Coco podcasts are still available on other podcast platforms (Stitcher, SXM app, Pandora, etc.). The flagship podcast developed by Stitcher’s Earwolf was ranked as one of the top five podcasts in searches and has won two Webby Awards.

Overall, the Team Coco podcast business has over 1 billion video views per year on YouTube and Facebook, an average of 180 million podcast downloads per year, and 17 million fans across social media platforms. In 2020, the company entered into a primary review agreement. amazon audible.

“When I started on television, my ultimate goal was to go all the way to radio,” Conan O’Brien said in a statement. “This new deal with SiriusXM builds on a great relationship that began a few years ago with a team that excelled in the field.”

The SiriusXM contract also includes TBS’ “Conan” archives, distribution of some videos from live events, podcasts, and merchandise under the Team Coco brand. As the late-night talk show ‘Conan’ after a long absence in 2021 came to an end, Coco Team turned into an independent podcast venture.

Scott Greenstein, SiriusXM’s President and Chief Content Officer, said: “Conan continues to be committed to producing his incredibly successful podcasts and will now expand his role as executive producing the exclusive Team Coco radio channel for SiriusXM. Conan has built an amazing brand and organization at Team Coco with a proven track record of finding and releasing engaging and addictive podcasts. We look forward to continuing to grow the Team Coco brand.”

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