Sirius XM Holdings Inc. (NasdaqGS:SIRI) acquired Team Coco Digital from Conan O'Brien.
Sirius XM Holdings Inc. (NasdaqGS:SIRI) acquired Team Coco Digital from Conan O'Brien on May 23, 2022. The terms of the deal were not disclosed however industry speculation pegs the deal value of $150 million, as reported by www.wsj.com. The transaction also brings to Sirius XM Team Coco's staff, who will continue to produce the network's slate of popular podcasts, as well as collaborate on content for Sirius XM. As part of the deal, Conan has entered into a five-year talent agreement with Sirius XM, under which he will remain host of his namesake podcast, which will continue to be available widely, and will also collaborate with Sirius XM to create and executive produce a new fulltime, original Team Coco comedy channel for Sirius XM subscribers. The agreement also includes distribution of select video from Conan's podcast as well as from the archives of his long-running late night show on TBS, live events, and merchandise from the Team Coco brands. Team Coco podcasts will continue to be available on Stitcher, the SXM App, Pandora, and major podcast listening platforms.
Sirius XM Holdings Inc. (NasdaqGS:SIRI) completed the acquisition of Team Coco Digital from Conan O'Brien on May 23, 2022.