Conan O’Brien Signs $150 Million Podcast Deal With SiriusXM

Longtime talk show host Conan O’Brien has just signed off on a multimillion-dollar podcast deal with Spotify.

On Monday, SiriusXM Holdings, Inc. announced it acquired Team Coco, O’Brien’s podcast network and digital media company, in a $150 million deal, reports Tech Crunch.

As part of the five-year talent agreement, Spotify now owns O’Brien’s slate of podcast shows, like “Conan O’Brien Needs a Friend,” “Inside Conan,” Why Won’t You Date Me?” With Nicole Byer, along with “Parks and Recollection.”

While continuing to lead his podcasts on the platform, he will also be brought on to create and executive produce a new Team Coco comedy channel under the SiriusXM umbrella.

In a statement, O’Brien expressed his goal to excel in radio.

“When I started in television, my ultimate goal was to work my way up to radio,” said O’Brien, Tech Crunch reports. “This new deal with SiriusXM builds on the great relationship that began several years ago with a team that is the standout in their field.”