TECH - Spotify Loses Comedian Dax Shepard's 'Armchair Expert' Podcast To Amazon's Wondery In $80M Deal: Report | Benzinga
Popular comedian Dax Shepard has inked a deal worth around $80 million with Amazon.com Inc.’s (NASDAQ:AMZN) Wondery for his acclaimed podcast “Armchair Expert.”
What Happened: Under the new agreement, Shepard’s podcast will transition from Spotify Inc. to Wondery, the startup Amazon acquired for $300 million in 2020.
The deal grants Wondery exclusive distribution and ad-sales rights along with the co-production of two new podcasts, reported The Wall Street Journal, citing people familiar with the matter.
The contract also includes an annual livestream of the show featuring Shepard and a first-look option for any new podcasts he develops. Amazon plans to launch video episodes of “Armchair Expert” and create translated versions for global distribution.
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