True Crime Podcast Powerhouse Audiochuck Raises $40M From TCG
Summary
Audiochuck, the true crime and mystery-focused podcast company, has raised $40 million from The Chernin Group in a bid to substantially expand its business.Founded in 2017 and led by Ashley Flowers, the host of Crime Junkie, the investment by TCG is the first time the company has raised outside capital. Audiochuck will use the cash to help the company diversify and expand business operations through its next phase of growth.More from The Hollywood Reporter SiriusXM Looks to YouTube (and Spotify) to Help Grow Podcast Subscribers Alex Coopers Unwell Network to Launch Music Channel, New Shows With SiriusXMThat will inlude staffing up and ordering more programming to take advantage of a true crime podcast space that is still growing, despite a crowded marketplace. The future of both Audiochuck and podcasting more broadly is brighter than ever, and I cant wait to see what well accomplish together.Ashley and the remarkable Audiochuck team have built a world-class company and brand at the forefront of the future of media, added Jesse Jacobs, founding partner at TCG. The next great media businesses are being built with personalities at the core and by distributing content across podcasts, social, digital video and live events. Ashley and Audiochuck check all the boxes of what a successful media company will look like moving forward.