Existing investors ICONIQ and Aglaé ( Bernard Arnault) also participated. Integration with an organization that can put the app into a tech stack which includes the world’s dominant blogging platform makes a lot of sense. Aug12 Comments In February of this year, Automattic closed a new primary funding round of 288M, bringing in some great new partners including BlackRock, Wellington, Schonfeld, and Alta Park. In our view Pocket Casts has sharply defined and useful features, but any indie podcast listening app faces gale-force competitive headwinds in a field dominated by Apple, Spotify, and Google. Transaction Name Pocket Casts acquired by Automattic Acquired by Automattic Announced Date Frequently Asked Questions Where is Pocket Casts s headquarters Pocket Casts is located in New York, New York, United States. Then-CEO Owen Grover (ex-iHeartMedia and a RAIN Summit speaker) departed in March of last year. Pocket Casts was acquired by Automattic on Jul 16, 2021. A steady drumbeat of new features followed. (RAIN coverage HERE.) NPR, WNYC Studios, WBEZ Chicago, and This American Life were principles in that acquisition. Pocket Casts was acquired by a public radio group in May, 2018. Pocket Casts co-founders Russell Ivanovic and Philip Simpson will continue to lead Pocket Casts as part of Automattic. News of the pending sale came in a financial disclosure made by NPR, which also revealed that Pocket Casts had a net loss last year totaling 2,347,193 last year. The group then took on BBC Studios as an ownership partner last March. The company previously established a partnership with Spotify-owned Anchor, enabling blog posts to become podcast episodes through text-to-speech features. Pocket Casts has been owned by NPR, New York Public Radio and Chicago Public Media since May 2018. This is Automattic/WordPress’s second headline dive into podcasting. They have no conflict with wanting to make it an app of their own or compete with existing apps of their own like say NPR and they will have the resources to help sustain it and even improve it. “We will explore building deep integrations with and Pocket Casts, making it easier to distribute and listen to podcasts.” –Automattic announcement. I genuinely think this is the best owner for Pocketcasts. The company plans to create integrations with its blogging platform WordPress, according to its public announcement: It does not store any personal data.Automattic, parent company of WordPress has acquired podcast listening app Pocket Casts from NPR and a consortium of public stations. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. According to Tech Crunch co-founders Russell Ivanovic and Philip Simpson will remain in charge of the Pocket Casts team. The cookie is used to store the user consent for the cookies in the category "Other. Automattic, the parent company of Tumblr and will soon be acquiring the popular podcast app- Pocket casts from a collective of public radio groups, including NPR and BBC Studios. Automattic didn't disclose how much it will pay for Pocket Casts. The cookies is used to store the user consent for the cookies in the category "Necessary". Automattic, which runs Tumblr and WordPress, is buying a popular podcast app - Pocket Casts - from a collective of public radio groups, including NPR and BBC Studios. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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