Podx Group is planning to acquire a majority stake in Lemonada Media, an award-winning, independent podcast network.
Lemonada Media has seen an increase in revenue and audience growth last year, and is one of the top three independent podcast networks based on audience and revenue size. With this acquisition, Podx Group marks its first entry into the US market.
Patrick Svensk, CEO of Podx Group: “This is a once-completed landmark transaction, leading both Podx and Lemonada to an even bigger trajectory.
“Lemonada has built an extraordinary podcast network with talent and stories that resonate deeply with listeners. By joining forces, we see a great opportunity to amplify these stories globally and continue to innovate in the podcasting space.
“When completed, this partnership is an important step towards the vision of a truly international podcast group, enhancing its portfolio and its presence in key US markets.”
In recent years, Podx Group has compiled a number of podcast studios, including Nouvellesécoutes and Studio Minuit in France, Posta in Aragentina, Oronda Studio in Mexico, Filt, Perfect Day, Suomen Podcastmedia in the Nordics, Goldhawk Productions, Listen and Platform Media, and many more, including Nouvellesécoutes and Studio Minuit in France.
“We're looking forward to seeing you in the process of doing things like this,” said Jessica Cordova Kramer, Lemonada Media and CEO Lemonada Media & Stephanie Wittels Wachs, CCO Lemonada Media.
“What started as a way of leading our sadness into something meaningful has grown into one of the largest podcast networks in the United States, connected, healed and entertained.
“Attaching the Podx network marks an exciting new chapter in Lemonada's story. Sharing Pod's global expertise and passion for impactful audio content will help amplify the voices and stories you think you need to hear alongside best-in-class peer companies around the world.
“When the transaction is completed, we will be the first US partner in the pod. We are proud to be excited about the possibility that we are continuing to turn lemons into lemonade, bringing a genuine storytelling approach to our existing global families.”
Lemonada Media, known for his hits including Wiser Than Me with Julia Louis-Dreyfus, failed with David Duchovny, and the confession of Sussex Duchess Meghan and the female founder was founded in 2019 by Jessica Cordova Kramer and Stephanie Wittels Wachs. The network has released over 50 original podcasts so far.
Once the acquisition is over, Podx Group and Lemonada Media will leverage each other's strengths to drive future expansion. Lemonada Media will continue to operate under existing leadership, teams, talent, partners and brands, benefiting from the strategic support of Podx Group and international infrastructure.
