Company:Stitcher Radio

From HandWiki
Short description: American media company
Stitcher
FoundedAugust 8, 2008; 15 years ago (2008-08-08)
FoundersNoah Shanok
Peter deVroede
Headquarters
New York
ParentSirius XM
SubsidiariesMidroll Media, Earwolf
Websitestitcher.com

Stitcher is a media company that specializes in the creation, distribution, and monetization of podcasts.[1] Stitcher creates original shows through networks such as Earwolf and Witness Docs. Stitcher provides ad sales and distribution services to 300+ shows. Stitcher is home to one of the largest podcast listening apps, giving listeners access to hundreds of thousands of podcasts. In July 2020, it was acquired by SiriusXM. The acquisition was finalized by 19 October 2020.

History

Stitcher app founded in 2008 by Noah Shanok and Peter deVroede.[2] The company began with just the listening app and was venture-backed until 2014 when it was acquired by Deezer.[3] In 2016, Deezer sold Stitcher for $4.5 million to Midroll Media, a digital media company founded in 2012 and acquired by E.W. Scripps Company in 2015.[4][5][6] In 2017, Midroll Media underwent a rebranding, making Stitcher the parent company to Midroll Media and Earwolf, another entity under the E.W. Scripps network.[7]

In July 2020, Sirius XM acquired the company for $325 million.[8]

Operations

The Stitcher app is one of the most popular podcast listening apps. Users can listen to, download, and discover podcasts through apps on iOS, Android, the Web, and several vehicle integrations. Stitcher also offers Stitcher Premium, a subscription service that allows listeners to access exclusive ad-free podcasts, which was announced at the end of 2016 and went live early 2017.[9]

Stitcher currently operates 3 original content networks with over 50 shows from Earwolf (home to shows like Comedy Bang! Bang!, Office Ladies, How Did This Get Made?), Witness Docs (Unfinished: Deep South, The Dream, Verified), and Stitcher Originals (The Sporkful, By The Book, Science Rules!).[10]

Reception

Stitcher's revenue has been reported to increase 42% year over year, with its 2019 revenue reaching $73 million.[11] Prior versions of the app have been recognized as one of the best podcast apps for both Android and iOS.[12]

See also

References

  1. ↑ "Stitcher - The Best Place For Podcasts". https://www.stitcher.us. 
  2. ↑ Mott, Nathaniel (May 2, 2012). "Stitcher Radio Capitalizes on the Presidential Race with an Election Center and New Transcription Technology". Pando. https://pando.com/2012/05/02/stitcher-radio-capitalizes-on-the-presidential-race-with-an-election-center-and-new-transcription-technology/. 
  3. ↑ Lunden, Ingrid (October 24, 2014). "Deezer Buys Stitcher, Adds 35K Talk Radio Shows And Podcasts To Its Music Platform". TechCrunch.com. https://techcrunch.com/2014/10/24/deezer-buys-stitcher-to-add-talk-radio-and-podcasts-to-its-music-platform/. 
  4. ↑ Lawler, Richard (June 6, 2016). "Deezer sells Stitcher less than two years after purchasing it". Engadget.com. https://www.engadget.com/2016-06-06-deezer-sells-stitcher-less-than-two-years-after-purchasing-it.html. 
  5. ↑ Perlberg, Steven (June 6, 2016). "E.W. Scripps Buys Podcast Company Stitcher". The Wall Street Journal. https://www.wsj.com/articles/e-w-scripps-buys-podcast-company-stitcher-1465239600. 
  6. ↑ Quah, Nicholas (2016-06-07). "Hot Pod: Is the Stitcher deal a step toward a closed podcast ecosystem?". Nieman Lab. http://www.niemanlab.org/2016/06/hot-pod-is-the-stitcher-deal-a-step-toward-a-closed-podcast-ecosystem/. 
  7. ↑ Weissman, Cale Guthrie (2018-09-11). "Exclusive: Stitcher is taking over Midroll Media in branding refresh" (in en-US). https://www.fastcompany.com/90234837/exclusive-stitcher-is-taking-over-midroll-media-in-branding-refresh. 
  8. ↑ Carman, Ashley (2020-07-13). "SiriusXM is buying Stitcher for $325 million" (in en). https://www.theverge.com/2020/7/13/21315911/siriusxm-stitcher-podcast-deal-buy-midroll-earwolf. 
  9. ↑ Whitwam, Ryan (December 12, 2016). "Stitcher Radio updated to v3.8 with SD card support, ad-free premium upgrade, and more". Android Police. https://www.androidpolice.com/2016/12/12/stitcher-radio-updated-v3-8-sd-card-support-ad-free-premium-upgrade/. 
  10. ↑ "Stitcher announces slate of new and returning shows on its Stitcher Originals and Earwolf networks this fall". Podnews. August 6, 2019. https://podnews.net/press-release/stitcher-fall-2019. 
  11. ↑ spangler, Todd (July 6, 2020). "SiriusXM Nears Deal to Buy Stitcher Podcast Network". Variety. https://variety.com/2020/digital/news/siriusxm-to-acquire-stitcher-1234699545/. 
  12. ↑ Badicicco, Lisa (February 20, 2018). "The 5 Best Podcast Apps for Android and iPhone". TIME. https://time.com/5136033/best-podcast-apps-android-ios/. 

External links




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