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Global podcast company Audioboom’s (LON: BOOM) share price is climbing after the company revealed a further expansion of its podcast network through partnership extensions, a new development and production deal and the launch of Dark Air, featuring Raine Wilson.
Strategic partnership extensions have been agreed with True Crime Obsessed and The Morning Toast, while a new development and production deal has been agreed with The Obsessed Network, according to Audioboom.
True Crime Obsessed has been downloaded more than 70 million times since partnering with Audioboom in 2017. The new distribution and exclusive monetisation deal extends the partnership until 2024.
Audioboom will also support the development of a new slate of podcasts for the Obsessed Network.
The Morning Toast has renewed its partnership with Audioboom until 2022. The company will develop global commercial, distribution and marketing opportunities for the show.
“We continue to lead the way for quality content and creative talent development, and market-leading monetisation across our global podcast network. Our content focused growth strategy is accelerating our audience reach and providing strong revenue opportunities for the business,” said Stuart Last, CEO of Audioboom.
Audioboom’s share price is trading over 1.7% higher so far on Tuesday at 714p per share.
Audioboom shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Audioboom shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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