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Warner Bros. Discovery sells Roost Podcast Network

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Apr 9, 2024
Illustration of a microphone on top of a stack of dollars.

Illustration: Gabriella Turrisi/Axios

Warner Bros. Discovery has sold The Roost Podcast Network to Night, the talent management company that supports MrBeast and other YouTube and online creators.

Why it matters: The deal gives the podcast network a second chance amid significant cuts in audio and David Zaslav's aggressive cost-cutting at WBD.

Catch up quick: Austin-based entertainment firm Rooster Teeth launched in 2003. Speaking to Axios at VidCon 2022, Rooster Teeth executives stressed their strength in video podcasts and distribution across 170 platforms.

  • The company announced in March it was shutting down, citing monetization challenges. However, it said the podcast network would keep running and seek a buyer.

Zoom in: The Roost Podcast Network has 47 shows, including "This Past Weekend with Theo Von," "H3 Podcast" and "The Phil DeFranco Show." It has more than 350 million views and 20 million monthly audio downloads.

  • Night is hiring most of the team, including podcast network head A.J. Feliciano.
  • Terms were not disclosed.

The intrigue: Both firms are Austin-based. Night president Ezra Cooperstein was previously president of Rooster Teeth.

What we're watching: WBD is looking to sell other parts of Rooster Teeth's catalog and intellectual property rights, including "Red vs. Blue," "RWBY" and "Gen:Lock."

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