TIDMBOOM
Audioboom Group PLC
18 June 2018
Audioboom Group plc
("Audioboom" or the "Company")
Audioboom Originals Network Update and A+E Networks
Partnership
Audioboom Group plc (AIM:BOOM), the leading spoken word audio
on-demand platform, updates on the success of the Audioboom
Originals Network ('AON') with new, higher margin owned shows.
Audioboom Originals Network
Launched in 2017, the AON schedule is owned and operated by
Audioboom and, given the success to date, the Company has assigned
a portion of the funds raised earlier this month to further expand
production.
To date AON has produced 11 shows, including political talk show
'The 45(th) '; sci-fi-fi comedy 'Mission to Zyxx'; black ops
documentary 'Covert', and true crime history podcast, 'Mafia'. The
latter two shows are a co-production between Audioboom and World
Media Rights, a UK-based video production company that has produced
programming for Netflix, Discovery and Reelz. 'Covert' and 'Mafia'
are based on their successful television series, 'Mafia's Greatest
Hits' and 'Black Ops'.
Thus far 'Mafia' is Audioboom's most successful original content
production with over 175,000 listens per episode in its first
season. The second season of 'Mafia' debuts 20 June 2018.
Additionally, Audioboom will launch three more shows by end of
Q3 of this financial year including the tentatively titled 'Dead
Man Talking' which investigates the confessions of Angel Maturino
Reséndiz, aka 'The Railroad Killer', whose admission to a string of
murders was captured on tape. Hosted by British journalist Alex
Hannaford, 'Dead Man Talking' is slated for release on 25 September
2018.
As announced on 8 June 2018, the Directors believe that the
leading AON podcasts have individual annual revenue potentials of
between US$100,000 and US$900,000. Importantly, they believe that
original content generates a higher margin for Audioboom and they
view the creation of AON original content as being central to the
success of the Company's business model.
A+E Networks Partnership
Audioboom has finalised a production, ad sales and distribution
deal with cable and satellite television company, A+E Networks.
Audioboom, which opened production studios in New York City and Los
Angeles to coincide with the launch of AON in 2017, will produce
podcasts based on existing A+E Networks programs as well as new
shows unique to on-demand audio.
The A+E network, which has more than 500 million global digital
users, includes A&E, HISTORY and Lifetime. Audioboom will work
closely with the satellite television company to develop a pipeline
of audio content which will be available from AON.
Rob Proctor, Chief Executive Officer of Audioboom, said:
"The potential to drive higher margin returns by expanding AON's
portfolio remains a cornerstone of our growth strategy. The success
to date underpins our desire to build on the strong momentum
achieved as we look for innovative ways to capture increased
audience share and grow our revenue streams.
"We've already seen podcasts becoming a go-to inspiration for
television producers and we're excited to explore the flip side of
that phenomenon by partnering with World Media Rights and A+E
Networks to produce great new podcasts inspired by must-see
TV."
Enquiries
Audioboom Group plc
Rob Proctor, Chief Executive Officer Tel: +44(0)20 7403 6688
Allenby Capital Limited (Nominated adviser Tel: +44(0)20 3328 5656
and broker)
David Hart /Alex Brearley/Asha Chotai
Walbrook PR Limited (PR & IR Advisers) Tel: +44(0)20 7933 8780
Paul Cornelius / Sam Allen or audioboom@walbrookpr.com
About Audioboom
Audioboom is a global podcasting platform that consolidates the
business of on-demand audio, making content accessible,
wide-reaching and profitable for podcasters, advertisers and
brands. Audioboom operates internationally, with operations across
North America, Europe, Asia and Australia, and addresses the issue
of disparate podcast services by putting all of the pieces of the
puzzle together under one umbrella, creating a user-friendly,
economical experience.
Audioboom hosts over 12,000 content channels, with key content
partners including A+E Networks (US), Associated Press (US), The
BBC (UK), "Casefile True Crime" (AUS), CastBox Originals (US),
Edith Bowman (UK), "Felon True Crime Podcast" (AUS), "Moneycontrol
Podcast" (India), "News Roast" (UK), "No Such Thing As A Fish"
(UK), "Pound for Pound with Jake Wood and Spencer Oliver" (UK),
"Red FM" (India), Starburns Audio (US), "The Totally Football Show"
(UK), "The True Geordie Podcast" (UK) and "Undisclosed" (US).
Original content produced by Audioboom includes "The 45th" (US),
"Covert" (US), "I Almost Knew That" (India), "The Psychology Behind
with Dr Linda Papadopoulos" (UK), "Ctrl Alt Win Podcast" (India),
"Deliberations" (US), "It's Happening with Snooki & Joey" (US),
"Mafia" (US), "Mission To Zyxx" (US), "Night Call" (US) and "The
Russell Brand Podcast" (UK).
The platform receives over 60 million listens per month and
allows partners to share their content via Apple Podcasts,
BookMyShow, Deezer, Google Play, iHeartRadio, Saavn, Spotify,
Stitcher, Facebook and Twitter as well as their own websites and
mobile apps.
For more information, visit audioboom.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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