Conan O Brien found a friend and a buyer in Sirius XM Holdings Inc.
The former late-night host sold his hit podcast, Conan O Brien Needs a Friend, to a satellite-radio company, along with his Team Coco digital-media company and its network of 10 podcasts, the companies said.
The terms were not disclosed. According to people familiar with the sale, the deal, which comes with a five-year talent agreement with O Brien, is worth an estimated $150 million.
Sirius has announced the acquisition of a successful podcast producer with loyal followings, and it is one of the biggest moves by Sirius in the competition. Sirius SIRI is a respected comedy brand in Team Coco, along with O Brien and all the ad revenue from his podcasts. O Brien will produce a full-time Team Coco comedy channel for the company's satellite subscription service.
Not ready to talk about the Will Smith Oscars slap.