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No financial details of the acquisition were disclosed but Automattic may have gotten a bargain on Pocket Casts if its other owners were also losing money. The board governing the company met in December 2020 and agreed to sell Pocket Casts. BBC Studios also held a small ownership stake in the platform prior to Automattic’s acquisition.ĭespite being widely regarded as one of the best podcasting apps available, NPR’s financial statements and auditor’s report from 2020 shows a net loss of more than $800K. In May 2018, Pocket Casts was acquired by public media organizations NPR, WNYC Studios, WBEZ Chicago, and This American Life.
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Its creators have been monetizing the app through its Pocket Cast Plus tier, which gives users access to desktop apps, cloud storage, watch playback, and themes and icons for $9.99/year.
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Previously a commercial-only app, Pocket Casts has been free since it switched to the freemium model in September 2019.
The app allows users to keep all of their podcast subscriptions together in one place and sync between platforms. Australian co-founders Russell Ivanovic and Philip Simpson are staying on to continue leading Pocket Casts as a part of the acquisition.
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Support quality journalism and subscribe to Business Standard.Automattic has acquired Pocket Casts, a popular podcast listening, search, and discovery app for Android and iOS. Your support through more subscriptions can help us practise the journalism to which we are committed. We believe in free, fair and credible journalism. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.Īs we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content.
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Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. (Only the headline and picture of this report may have been reworked by the Business Standard staff the rest of the content is auto-generated from a syndicated feed.)īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.
With built-in features like variable speed playback, trim silence option, volume boost, a sleep timer, personal media storage and standalone playback for Apple Watch, Pocket Casts delivers a streamlined and customsed listening experience that users love, the blog post reads.īoth blogs and podcasts use RSS feeds for distribution, so integrating the two platforms makes sense, the report said.Įarlier this year, Spotify-owned Anchor had teamed up with to turn written material into podcasts via text-to-speech tech, it added. It seems Automattic is already thinking about ways of incorporating the multi-platform app into its blogging tools, TechCrunch reported. The co-founders, Russell Ivanovic and Philip Simpson, will remain in charge of the Pocket Casts team. "We will explore building deep integrations with and Pocket Casts, making it easier to distribute and listen to podcasts," it added. "As part of Automattic, Pocket Casts will continue to provide you with the features needed to enjoy your favourite podcasts (or find something new)," a blog post stated. The company said that Pocket Casts will be joining Automattic, making it easier for podcast fans to discover new content and customise their listening experience. 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.Īutomattic didn't disclose how much it will pay for Pocket Casts.
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