SiriusXM, a satellite radio company has announced the acquisition of Canan O’Brien’s podcast network and media business Team Coco for R150 million. As part of the deal, all the podcast content is now part of SiriusXM.
Canon also signed a five year deal with the company to create and produce original content for SiriusXM subscribers. O’Brien is not joining the new company alone, his bringing his staff members along as part of the deal.
Speaking about the new deal O’Brien in a statement said, “When I started in television, my ultimate goal was to work my way up to the radio.”
“This new deal with SiriusXM builds on the great relationship that began several years ago with a team that is the standout in their field.”
President and Chief Content Officer of SiriusXM, Scott Greenstein said, “We are thrilled that Conan remains committed to producing his incredibly successful podcast and will now expand his role into executive producing an 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 launching compelling and addictive podcasts. We look forward to continuing to grow the Team Coco brand.”
The Team Coco podcast business has over 1 billion annual video views across YouTube and Facebook, an average of 180 million annual podcast downloads, and 17 million fans across social media platforms.