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SiriusXM has announced that it has acquired Team Coco, the podcast company that was founded by Conan O'Brien. The deal will also include the hit podcast 'Conan O'Brien Needs a Friend,' the company confirmed.
The deal for Team Coco is said to be worth $150 million..
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SIRIUSXM has acquired CONAN O'BRIEN's podcast and digital video operation TEAM COCO for an undisclosed price, although the WALL STREET JOURNAL is reporting that the deal is said by sources to be worth $150 million and includes a five-year personal talent contract that includes producing a comedy channel for the satellite and streaming radio service plus archival audio and video content and live events. SIRIUSXM already distributes several TEAM COCO podcasts, including "CONAN O'BRIEN ...
Conan has entered into a five-year agreement with SiriusXM, and he will remain the host of his podcast.