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Amazon Is Laying Off Wondery Staff as It Rethinks Its Podcast Business
In a memo to staff obtained by Deadline, Steve Boom, Amazon’s vice president of audio, Twitch, and games, said the rise of video podcasting has created “different audience needs” and requires “distinct discovery, growth, and monetization strategies” compared to traditional audio-only narrative podcasts.
Despite securing big names in the business, the company is now shifting its strategy in an effort to better compete with rivals like Spotify and YouTube.
Amazon is restructuring its audio division, closing the Wondery podcast studio and eliminating around 110 positions. This ...
The podcast signed a multi-year deal with SiriusXM, which will have exclusive advertising rights for the audio and video ...
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