Crypto media company Blockworks acquires The Breakdown

  • 📰 axios
  • ⏱ Reading Time:
  • 23 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Mergers And Acquisitions News

Media Deals

It's the firm's first acquisition since raising capital last May

of our podcast network, enhances our advertising capabilities, and broadens our distribution channels," Yanowitz said.Zoom inThe Breakdown consists of The Breakdown podcast, a YouTube channel, and a newsletter, as well as the Bitcoin Builders podcast.: The agreement is part of a broader strategy shift at Blockworks to invest in podcasts that it can build into bigger standalone media brands via ancillary products, like newsletters and events, that cater to different audiences.

Up until now, its shows — such as Empire, Bell Curve, 0xResearch, Lightspeed, Forward Guidance, On the Margin, and 1000x — were all created in-house.The firm makes money from selling ads and sponsorships against digital products, like podcasts and newsletters, and events. It also sells subscriptions to professionals for its research and analytics platform.its first venture round in May 2023 — $12 million at $135 million valuation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

History of Crypto: Crippling inflation, rising debt, and the evolving crypto landscapeExplore the history of crypto amidst crippling inflation, rising US debt, and transformative events like FTX's collapse and Ethereum's proof-of-stake shift. Dive into the evolving landscape of the cryptocurrency industry.
Source: Cointelegraph - 🏆 562. / 51 Read more »

History of Crypto: The future of crypto exchanges, regulatory battles, and governanceExplore the aftermath of the FTX exchange collapse, regulatory crackdowns, and the evolution of crypto governance. Discover how industry shifts shape the future of exchanges and investor safety
Source: Cointelegraph - 🏆 562. / 51 Read more »