Audily and Rococo Punch Team Up to Create Employee-Owned, Industry-Leading Podcast Production Powerhouse
INDIANAPOLIS, IN and BOSTON, MA (PRWEB) May 23, 2023 -- Independent podcast companies Audily and Rococo Punch today announced that they have joined forces to create a leading full-service podcast and audio production company.
Rococo Punch produces extraordinary content and creative IP that has garnered global attention from the likes of The New York Times, The New Yorker, Forbes, Vulture, HuffPost, The Washington Post and more. Its original podcast, “The Turning: The Sisters Who Left”, was recognized as a 2022 Livingston Award Winner for International Reporting, a 2022 Gracie Awards Winner, and was also nominated for Best Reporting and Best Sound Design at the 2022 Ambie Awards. Other award-winning Rococo Punch podcasts include “Finding Raffi” and “Welcome to Provincetown,” named by The New York Times as one of the Best Podcasts of 2022.
Jessica Alpert and John Perotti, co-founders of Rococo Punch, will be joining the Audily team and will continue leading and building the Rococo Punch brand, which includes original content, work for hire, and RPLabs, an audio-education vertical.
“Jessica and John are the content dream-team of podcasting, and we are thrilled to welcome them and the Rococo Punch team into the Audily family,” said Matt Wells, president and co-founder of Audily. “Together, we will expand our service offering and creative content to a broader audience, and we can’t imagine better partners to tackle this growing industry.”
“Audily is the ideal strategic partner for Rococo Punch as we scale and expand our premium offerings,” said Perotti. “The market for audio content is constantly shifting and when two independents come together, we can do much bigger things. Rococo Punch’s thoughtful storytelling will continue to be the focus of our work.”
“Diversification is key to building a long-term sustainable business in today’s media landscape and we’ve been working towards this moment,” added Alpert. “We’re two companies with incredibly talented teams, and together we can build an even stronger foundation that allows for creative innovation. We will continue to explore new genres and make awesome shows, and Audily gives us the fuel to help create even more value in the space.”
Audily is an nth Venture studio company that was launched in March 2022 by Matt Wells and the nth Venture studio team. It is a one-stop-shop for content creators and businesses seeking to simplify the podcast production process with a full-service approach for brands, networks and individual productions. Like all nth Venture studio companies, Audily is an employee-owned business.
Founded in February 2019, Rococo Punch was created by two public radio veterans with a combined 26 years of experience in news and podcast development and production. Rococo Punch develops original content and helps others create their own, advising a wide range of clients on every aspect of the creation process. From conception to production to launch, Rococo Punch harnesses the power of narrative storytelling to create listening experiences that are intimate, informative and unforgettable.
Falconer, a financial advisory firm and another nth Venture studio company, facilitated the transaction. Latham & Watkins LLP provided legal counsel to Rococo Punch on this transaction. Rococo Punch is also repped by Pryor Cashman LLP and WME. Terms of the transaction were not disclosed.
About Audily
Audily is an nth Venture studio venture, launched in March 2022. A full-service podcast and audiobook production company, Audily offers a comprehensive suite of services to make high-quality audio and video production more accessible to creators, networks and businesses. For more information about Audily, visit http://www.audily.com.
About Rococo Punch
Rococo Punch is a podcast production company specializing in exquisite sound design and thoughtful content. Current projects range from investigative journalism to game shows to chat-casts. The team developed some of the most listened-to podcasts, reaching millions of people around the world. Among the shows they helped create include the Gracie-award-winning “The Turning: The Sisters Who Left,” “The Turning: Room of Mirrors,” “Welcome to Provincetown,” “Finding Raffi,” “Queen Of Hearts,” “Modern Love: The Podcast,” and “Circle Round”. Follow @RococoPunch on Instagram and visit http://www.rococopunch.com for more information.
About nth Venture
nth Venture is a venture studio focused on building and supporting businesses with aligned incentives. Created in November 2021, nth Venture’s mission is to “set talented people free through the power of ownership.” The firm’s implementation of company-wide profit sharing and equity compensation allows for people and businesses to grow together sustainably and create environments that reliably attract world-class talent. For more information about nth Venture, visit http://www.nthventure.com.
Jillian Palash, nth Venture, http://www.nthventure.com, 1 (704) 237-0896, [email protected]
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