Deezer sells Stitcher lower than two years after buying it

Deezer sells Stitcher less than two years after purchasing it

Ezra Bailey by way of Getty Photographs

Podcast app/listing Stitcher is altering arms once more, as this time Deezer is promoting it to the E.W. Scripps firm. That comes simply 591 days after Deezer purchased Stitcher within the first place, looking for to pair podcasts with its music library and some months after the podcast app suffered a extended outage. In response to Scripps, Stitcher has eight.5 million registered customers and is put in on 50 fashions of automobiles, nevertheless it didn’t reveal what number of of these customers are lively. Apparently it is sufficient to justify a $four.5 million buy worth a Wall Road Journal supply described as a small acquihire, and the Stitcher workforce will be a part of Midroll Media, a podcast producer and promoting community.

In the event you use the app, nothing might be altering instantly, and Deezer despatched an e mail to podcasts saying their content material will proceed to be obtainable on its platform too. Since Deezer made its buy, Google Play Music and Spotify have each dived into podcasts, SoundCloud added paid offline listening and Apple’s iTunes has… not accomplished a lot besides continued to be the most important general platform. Stitcher says that the brand new proprietor ought to assist advertisers and content material companions with “an expanded portfolio of alternatives that will help you attain the audiences you are in search of” however we’ll have to attend and discover out precisely what that features.