Welcome to our dedicated page for Liberated Syndication news (Ticker: LSYN), a resource for investors and traders seeking the latest updates and insights on Liberated Syndication stock.
Liberated Syndication Inc. develops podcast hosting, distribution and advertising services under the Libsyn brand for creators and advertisers. Company news regularly centers on audio and video podcast publishing, direct distribution integrations such as Spotify, exclusive hosting and monetization partnerships with individual shows, and advertising inventory sold through Libsyn Ads and the AdvertiseCast marketplace.
Recurring updates also cover the Libsyn Audience Network, programmatic monetization through Automatic Podcast Ads, creator payout trends, advertiser demand, completed podcast advertising acquisitions, and equity financing used to support the company’s creator and advertising businesses.
Liberated Syndication Inc. (OTCQB:LSYN) announced a strategic partnership with Fireside, a storytelling platform co-founded by Mark Cuban. The partnership aims to enhance content creators' control through an open RSS-based distribution model, allowing them to engage audiences more effectively. Libsyn’s President and COO, Laurie Sims, emphasized their commitment to supporting creators with advanced tools and analytics. This collaboration capitalizes on both companies' strengths, anticipating that individual creators will drive future media success. Libsyn has delivered over 6 billion downloads and hosts more than 75,000 podcasts.
Liberated Syndication Inc. (OTCQB:LSYN) will participate in Podcast Movement 2021, the largest podcasting conference, from August 3rd to 6th in Nashville, TN. The company is a Silver Sponsor and will feature at two booths. Attendees can engage with brands like AdvertiseCast, Auxbus, Glow, Libsyn, and Pair Networks, focusing on content creation, growth, and monetization. Libsyn President Laurie Sims emphasizes the importance of community engagement in podcasting as they connect with creators at this significant event.
Liberated Syndication Inc. (OTCQB:LSYN) has joined the Canva Partner Program, enhancing its podcast hosting services. This collaboration allows Libsyn podcasters to create professional podcast artwork easily using Canva's tools. According to Libsyn's COO Laurie Sims, high-quality show branding is crucial for audience attraction in a competitive market. The integration simplifies the design process for users, making it particularly beneficial for new podcasters. Libsyn has a strong track record, hosting over 75,000 podcasts and achieving over 6 billion downloads in 2020.
Liberated Syndication (LSYN) has announced a partnership with JioSaavn, India's leading music streaming service, which boasts over 100 million monthly active users. This collaboration enhances Libsyn's distribution capabilities by integrating over 75,000 podcasts on the JioSaavn platform, significantly increasing exposure for creators. The partnership is positioned to fuel growth in podcasting, especially in India, the third-largest podcasting market globally. Libsyn continues to support podcast creators with tools for growth and monetization.
Liberated Syndication Inc. (OTCQB:LSYN) announced its recognition as a leader in the podcast industry by being featured in two prestigious lists. The company was named one of Techradar's Best Podcast Hosting Providers of 2021 and awarded Best Podcast Publisher at the Quill Podcast Awards 2021. Techradar highlighted Libsyn's unlimited bandwidth and monetization features, while the Quill Awards recognized its excellence endorsed by industry leaders. Libsyn has supported over 75,000 podcasts and delivered over 6 billion downloads in 2020, affirming its position in the podcasting market.
On June 7, 2021, Liberated Syndication (OTCQB:LSYN) completed a $30 million acquisition of AdvertiseCast, LLC, enhancing its position in the podcasting industry. The deal includes $18 million in cash, $10 million in Libsyn shares, and a $2 million earn-out. AdvertiseCast, a leading podcast advertising company founded in 2016, experienced a 45% revenue growth in 2020, reaching approximately $12 million. The merger aims to combine Libsyn's 75,000 podcasts with AdvertiseCast's advertising capabilities, creating new revenue opportunities for podcasters and advertisers alike.
Liberated Syndication (OTCQB:LSYN) has completed its acquisition of AdvertiseCast for $30 million, with $18 million in cash, $10 million in Libsyn shares, and a $2 million earn-out. This strategic move aims to enhance Libsyn's podcast advertising capabilities and drive monetization solutions for independent podcasters. AdvertiseCast's co-founders will remain with the company in key roles. Additionally, Libsyn secured $25 million in a private placement to support growth. The partnership is expected to benefit both companies and leverage industry growth in podcast advertising, projected to reach $2 billion by 2023.
Liberated Syndication Inc. (OTC:LSYN) has announced the acquisition of Glow, a podcast monetization platform enabling podcasters to create membership programs and generate listener-supported revenue. This integration will enhance Libsyn's services for over 75,000 podcasts, allowing podcasters to charge for premium content, accept secure payments, and receive listener donations. Libsyn aims to empower podcasters and strengthen monetization efforts, with new offerings expected in the coming months. Glow's existing customers can continue to utilize its services regardless of their hosting platform.
Liberated Syndication (OTCQB:LSYN) has announced a definitive agreement to acquire AdvertiseCast, a leading podcast advertising company, for up to $30 million. The transaction includes $18 million in cash, $10 million in newly issued shares, and a $2 million earn-out. This acquisition aims to enhance revenue opportunities for Libsyn's 75,000 podcast creators. AdvertiseCast's self-serve marketplace has seen rapid growth, generating approximately $12 million in revenue in 2020, up 45% year-over-year. Libsyn has secured $25 million in funding to facilitate this acquisition.
Liberated Syndication Inc. (OTCQB:LSYN) announced a partnership with Samsung to integrate podcasts into the Samsung Free application under the 'Listen' tab. This feature will be available starting today for compatible Galaxy devices such as S21, S20, Note20, S10, and Note10 in the U.S. Libsyn's over 75,000 podcasters can add their shows, enhancing visibility and audience reach. With podcast listeners expected to exceed 160 million in the U.S. by 2023, this partnership aims to capitalize on the growing popularity of podcasts.