SiriusXM acquires Team Coco after Conan O'Brien sell podcast

SiriusXM Holdings buys Team Coco and Conan O'Brien's podcast “Conan O'Brien Needs a Friend” in a $150 million deal. Here's what you need to know!
Conan O'Brien sell podcast

Finally, Conan O'Brien stepped out of his leading podcast, “Conan O'Brien Needs a Friend,” and his digital media company, “team coco.”

He hosted late-night talk shows, The Tonight Show, The Simpsons, and more for a long time. As a comedian and influencer interviewer, he built a fantastic brand through the weekly podcast “Conan O'Brien Needs a Friend” which became widely known among others.

Their podcast has attracted influencers like Barack and Michelle Obama, Stephen Colbert, and Bob Newhart. This led to it becoming the top streamed podcast on iTunes because of its popularity and reviews. It won a lot of awards and was downloaded millions of times.

In May 2022, Conan O'Brien sells podcast company and digital media business to SiriusXM for $150 million. SiriusXM also created a comedy channel that features shows like Inside Conan and Parks and Recollection.

SiriusXM acquires Team Coco.

Conan has built team coco with more than a decade of struggle and consistency in streaming podcasts. He made it pretty well known with his smart and silly comedy. His most-streamed podcast, “Conan O'Brien Needs a Friend,” on iTunes, features lengthy interviews with celebrities, and will pay off.

It is now owned by SiriusXM Holdings, a New York-based broadcasting company. It is also playing a significant role in audio entertainment since 2008.

Despite that, O'Brien won't be leaving. He's signed on for five more years. And will grow the team Coco and work for the comedy channel for SiriusXM. He has the responsibility of finding and launching a compelling podcast story once again.

The Wall Street Journal reported that the Team Coco network and some other TV shows were acquired by SiriusXM holding. The acquisition deal was $150 million US dollars. This is the latest acquisition after Spotify bought some other podcasts recently.

Also, in 2022, SiriusXM bought Stitcher, a popular podcast streaming platform in the USA, for a $325 million deal.

Conan O'Brien needs a friend

Conan's Weekly Podcast, “Conan O'Brien Needs a Friend,” is a comedy and interview show hosted by Team Coco and Ear wolf.

His playfulness and consistency brought the show to new audiences. It was prompting Barack, Michelle Obama, and other well-known influencers to hang out with him at night.

As Brien needs a friend, continuing to grow its production from 2018. It's become the most-streamed iTunes podcast, listened to by more than 250 million people. It consists of 243 episodes, each lasting half an hour to an hour.

SiriusXM's holdings agreement with Conan

Although, SiriusXM holdings give a few agreements to Conan before going to the Deal. The president and chief content officer of SiriusXM, Scott Greenstein president, praised Conan O'Brien's responsibility and organization at team coco.

He said that Conan has built an amazing brand and organization at Team Coco. His proven track record of finding and launching compelling and addictive podcasts appreciate by everyone. It includes archives of the Conan on TBS show from the beginning, as well as selected live event videos distribution and Team Coco merchandise.

As the agreement said, O'Brien would remain with the company for the next 5 years. It will also depend on whether the brand can grow or stand out without him.

Expending SXM Media ad-sales

In contrast, SXM Media, an audio powerhouse in the USA, combines the sales organization for companies like SiriusXM, Pandora, and Stitcher. It has been said that the team Coco acquisition will expand their audiences and increase their ad sales across North America.

This move will also play a competitive role against its competitor, Spotify. It is ideal for those who enjoy music as well as podcasts. However, SiriusXM is designed for terrestrial radio stations that have also expanded into podcasting. Team Coco's acquisition by SiriusXM will enrich their podcast library with comedy, shows, and radio stations.

In the coming weeks, we look forward to hearing Conan entertaining us once again through his weekly podcast. Please subscribe to our newsletter to receive hand-picked articles like this one whenever they become available. I would like to thank you for taking the time to visit our website.

About the Author

My name is Shawon Ahmed. I have founded The Tech Magazine Bangladesh and I am the editor-in-chief. I am passionate about technology, especially smartphones, gadgets, and devices. I love sharing what I know with you and helping you make informed deci…

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