FOX Entertainment has acquired scripted podcast platform Meet Cute to enhance its multi-platform content strategy.

Information on the Target

Meet Cute, an innovative audio drama platform established in 2019 by Naomi Shah, has quickly gained prominence within the scripted podcasting industry. The platform, which has received investments from Union Square Ventures and Lerer Hippeau, specializes in bite-sized, high-quality scripted audio storytelling, having released over 200 hours of original programming and attracted more than 2.5 million global listeners. Under the new ownership of FOX Entertainment, Meet Cute is poised to enhance its rapid-development content capabilities, focusing on producing both premium scripted and upcoming unscripted series.

Joining FOX Entertainment has allowed Meet Cute to expand its mission of crafting stories 'at the speed of culture.' As part of this acquisition, Shah will transition to FOX as Senior Vice President of Operations & Strategy, where her focus will encompass AI innovation, entertainment technology, and intellectual property expansion, further boosting the collaborative potential of the platform with FOX’s diverse content ecosystem.

Industry Overview in the Target's Specific Country

The podcasting industry in the United States has seen substantial growth in recent years, transforming into a robust segment of the media landscape. With over 100 million Americans reported as active podcast listeners, the demand for dynamic and high-quality