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SiriusXM Acquires Stitcher for $325 Million

The satellite radio company is making a bigger move into the podcast realm

Wednesday, July 15, 2020 by Tatiora | Discussion: Movies & TV & Books

Are you a fan of podcasts?

On Monday, the satellite radio company SiriusXM announced that it reached a deal to acquire Stitcher from E.W. Scripps to the tune of $325 million. Stitcher is a pioneer in podcasting that provides a popular one-stop platform for creating, monetizing, and distributing podcasts to listen via its app and other platforms. 

Stitcher brings its own mobile listening app (which was acquired for $4.5 million in 2016) to the table. It also operates the Midroll Media network for podcast advertising (acquired for $55 million in 2015). Stitcher's original podcasts run on multiple content networks as well.

SiriusXM already purchased another podcast management platform called Simplecast last month, and with this latest acquisition it has become clear that they intend to devote quite a lot of their resources and efforts to podcasting.  This deal will move thousands of podcasts to SiriusXM, including popular titles like Freakonomics Radio, Conan O'Brien Needs a Friend, LeVar Burton Reads, and many more.

In a press statement released Monday, SiriusXM CEO Jim Meyer said, "The addition of Stitcher is an important next step as we continue to develop and strengthen our offering in the fast-growing podcasting market. With Stitcher, we will expand our digital audio advertising presence and look to generate new ways for creators to find and connect with their audiences. Stitcher has a talented team with deep experience in the podcast space, and we look forward to working with them to better meet the needs of creators, advertisers, and listeners."

The company boasts that combining Stitcher with their already robust satellite radio audience and Pandora (which they acquired in 2018), they will have "the largest addressable audience" in the United States for digital audio. 

What are some of your favorite podcasts? Do you have a podcast of your own? Share with us in the comments!




The Rise of Skywalker to Release on Disney+ for Star Wars Day

May the 4th Be With You

Wednesday, April 29, 2020 by Tatiora | Discussion: Movies & TV & Books

Over the last several months, the COVID-19 pandemic has forced people to quarantine in their homes, causing an increase of use for  entertainment streaming platforms. Today, Disney announced that Star Wars: The Rise of Skywalker will be coming to Disney+ two months earlier than intended. Appropriately, the release is scheduled for May 4th, a widely celebrated holiday among geeky circles called "Star Wars Day." Now everyone with a Disney+ account can watch the entire Skywalker saga to honor the holiday.

If you're a fan of The Mandalorian, there's another treat in store for May 4th: a new documentary series detailing the show and how it came together. Disney Gallery: The Mandalorian is eight episodes long, with each chapter exploring a different facet of the show through interviews, behind-the-scenes footage, and round table conversations with producer Jon Favreau.

According to the show's description, "topics this season include the film making process, the legacy of George Lucas’ Star Wars, how the cast brought the characters to life, the series’ groundbreaking technology, the artistry behind the show’s practical models, effects, and creatures, plus the creative influences, the iconic score, and connections to Star Wars characters and props from across the galaxy."

This isn't the first time since the lockdowns started that Disney has released a film early. Last month, Frozen 2 dropped three months ahead of schedule, and the Pixar film Onward arrived on Disney+ on April 3. Other studios have put cinematic releases out for purchase or rental earlier than would be normal as well, such as Warner Brother's Birds of Prey or DreamWorks' Trolls World Tour.

What have been your favorite early releases to watch lately?