Who needs friends when you have bargains like these?
TheWrap has reported that Conan O'Brien has agreed to sell his network of podcasts to satellite radio giant SiriusXM for an estimated $150 million.
The Wall Street Journal initially reported Monday that the late-night host is selling his Team Coco digital media banner, which includes ten podcast titles. A five-year talent contract for O'Brien is included in the agreement.
The deal's terms were not revealed, but the WSJ estimated the sale to be around $150 million based on sources familiar with the transaction.O'Brien will also produce a full-fledged comedy channel for Sirius, which will include "Conan O'Brien Needs a Friend," his celebrity interview show that has routinely been in the top 40 podcasts in the United States since its debut in 2018.Team Coco will continue to produce O'Brien's podcasts on SiriusXM, which will be available on other platforms as well.
In a statement, O'Brien said, "My ultimate ambition when I started in television was to make my way up to radio." "This new agreement with SiriusXM builds on a strong partnership that began some years ago. has an exceptional team in their field"
The overwhelming excitement was still being processed by SiriusXM.
"We're ecstatic that Conan is continuing to produce his hugely popular podcast and will continue to do so in the future.
now expand his responsibilities to include executive producing an exclusive Team Coco SiriusXM radio station, "added
President and Chief Content Officer of SiriusXM, Scott Greenstein. "Conan has a fantastic reputation.
With a proven track record of finding and producing interesting and addicting podcasts, Team Coco has the experience and organization you need. We are excited to see the Team Coco brand flourish in the future."
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