Share Name Share Symbol Market Type Share ISIN Share Description
Audioboom Group Plc LSE:BOOM London Ordinary Share JE00BJYJFG60 ORD SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -2.06% 237.50 230.00 245.00 250.00 235.00 250.00 66,683 11:28:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 11.7 -8.4 -0.8 - 33

Audioboom Group PLC New Podcast Studios open in New York City

12/07/2019 7:00am

RNS Non-Regulatory


TIDMBOOM

Audioboom Group PLC

12 July 2019

Audioboom Group plc

("Audioboom", the "Group" or the "Company")

New Podcast Studios open in New York City

New studios effectively double Audioboom's capacity for creating podcasts

Audioboom (AIM: BOOM), the leading global podcast company, announces that it has opened two new recording studios, comprising over 1,000 sq. ft. of recording and production space, within its existing office in New York City, USA.

Due to significant and growing demand for roundtable and personality driven podcasts, Audioboom has expanded its production operation with the launch of a 1,000 sq. ft. studio complex in midtown Manhattan comprising two new recording studios and a new Green Room for talent. One of the new studios will serve Audioboom's roundtable and personality driven shows, while the other will be dedicated to more intimate, interview style shows and solo productions.

The new studios will assist Audioboom with launching new Audioboom Originals Network podcasts in 2019, including: Never Thought I'd Say This with Fuller House Star Jodie Sweetin, a biological podcast A Life Lived, and movie show Truth vs. Hollywood. The new studios will also reduce the costs associated with renting/leasing third party studios for in-house productions such as: Mafia, Covert, Nightcall, Blank Check, and It's Happening with Snooki and Joey.

Stuart Last, Chief Operating Officer, Audioboom, said: "Our new studios will give us the ability to produce more than 40 shows out of our New York office alone, which is an important step in expanding our Audioboom Originals Network.

"New York City's hub of creative talent, along with our stellar team of in-house producers, have laid the foundations for an incredibly creative network. Our new studios represent a new standard for podcast production and should take the Audioboom Originals Network to new heights."

Rob Proctor, Chief Executive, Audioboom, said: "These new state of the art recording and production facilities in our New York City studios effectively more than double the Company's production capacity and provide the perfect environment to work more closely with some of the world's most creative production, journalistic, script-writing and host talent.

"Audioboom remains focused on the growth of the higher margin Audioboom Originals Network content with a programme slate expected to grow during 2019. The successful launch of just one key Audioboom Originals Network podcast should more than cover the non-material cost to the Company of the new studios."

Enquiries

 
 Audioboom Group plc                          Tel: +44(0)20 7403 6688 
 Rob Proctor, Chief Executive Officer 
 Brad Clarke, Chief Financial Officer 
 
 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 / Nick Rome / Sam Allen       or audioboom@walbrookpr.com 
 

About Audioboom

Audioboom is the leading global podcast company, consolidating the business of on-demand audio, making content accessible, wide-reaching and profitable for podcasters, advertisers and brands. Audioboom operates internationally, with operations and global partnerships 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 13,000 content channels, with key partners including A+E Networks (US), Associated Press (US), 'Astonishing Legends' (US), 'Casefile True Crime' (Aus), Edith Bowman (UK), 'Felon True Crime Podcast' (Aus), Jonathan Ross (UK), 'Moneycontrol Podcast' (India), 'No Such Thing As A Fish' (UK), Red FM (India), Starburns Audio (US), 'The Cycling Podcast' (UK), 'The Totally Football Show' (UK), 'The True Geordie Podcast' (UK) and 'Undisclosed' (US).

Original content produced by Audioboom includes 'Formula 1(R): Beyond the Grid' (UK), 'And That's Why We Drink' (US), 'Dead Man Talking' (UK), 'Blank Check' (US), 'The 45th' (US), 'Covert' (US), 'Deliberations' (US), 'It's Happening with Snooki & Joey' (US), 'Mafia' (US) and 'Night Call' (US).

The platform receives over 90 million listens per month and allows partners to share their content via Apple Podcasts, BookMyShow, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Spotify, Stitcher, Facebook and Twitter as well as their own websites and mobile apps.

For more information, visit audioboom.com

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END

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