PodcastOne bought by LiveXLive for $18.1m

PodcastOne bought by LiveXLive for $18.1m

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  • US podcast network PodcastOne has been purchased by LiveXLive Media for $18.1m. Norm Pattiz will join LiveXLive “as a significant shareholder” and remain with PodcastOne. The release claims that PodcastOne brought in $27.5m revenue in 2019, with shows like Adam Carolla and The Jordan Harbinger Show.

  • iHeartMedia had their investor call on Thursday. The company mentioned podcasts 57 times, more than they mentioned radio (49 times). Their podcast revenue in Q1 grew 80% year-on-year, said Bob Pittman, adding that their own iHeartRadio app has doubled year-on-year for podcast usage.

  • Scripps also released quarterly earnings figures. Of their podcast companies, Triton Digital, which also owns Omny Studio, showed a small decrease in revenue (down 1.1% to $10.3m); Stitcher/Midroll saw an increase of 13.4% to $17.1m.

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  • Our podcasting jobs service Podjobs now removes jobs automatically if they’re no longer available. (Just make your original jobs page return a 404). It’s quick and free to post jobs on Podjobs; and Podnews carries new positions every day.

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Thank you to Bernie Goldbach for becoming a new personal supporter on Patreon. You, too, can be like Bernie. Thanks, too, to Stephen Neal for being an excellent voiceover in our newsletter today.

Companies mentioned above:
Acast logoAcastApple logoAppleCrooked Media logoCrooked MediaiHeartMedia logoiHeartMediaiHeartRadio logoiHeartRadioMidroll logoMidrollOmny Studio logoOmny StudioPineapple Street Studios logoPineapple Street StudiosSpotify logoSpotifyStitcher logoStitcherTriton Digital logoTriton Digital

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