Wall Street Journal reports that Manhattan-based American broadcasting company SiriusXM has acquired Team Coco for approximately $150 million.
Conan O’Brien, the well-known American television host, comedian, and actor, launched Team Coco, a podcast network and digital media business.
Fans are attempting to determine Conan O’Brien’s net worth after hearing about his most recent deal. Let’s examine the same topic in the following article!
According to Celebrity Net Worth, Conan O’Brien’s net worth is estimated to be $200 million.
According to the terms of the agreement, Team Coco’s employees will join SiriusXM. It will continue to produce podcasts for the network, including “Conan O’Brien Needs a Friend.” They will also collaborate on SiriusXM content. As part of the five-year agreement with SiriusXM, O’Brien will continue to host his namesake podcast.
Conan O’Brien’s Net Worth and Additional Information
Regarding the acquisition, O’Brien stated, “When I began my career in television, my ultimate goal was to advance to radio. This new agreement with SiriusXM strengthens a relationship that began several years ago with an industry-leading team.”
— Conan O’Brien (@ConanOBrien) August 23, 2022
Scott Greenstein, president and chief content officer of SiriusXM, stated, “We are thrilled that Conan remains committed to producing his incredibly successful podcast and will now expand his role to executive produce an exclusive Team Coco radio channel for SiriusXM.”
After graduating from Harvard University, O’Brien moved to Los Angeles to work on the sketch comedy series “Not Necessarily the News” on HBO. In 1988, he became a writer for the popular late-night talk show Saturday Night Live (SNL). During his three-year tenure with SNL, he wrote sketches such as “Mr. Short-Term Memory” and “The Girl Watchers.”
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In 1989, O’Brien and his SNL colleagues received an Emmy Award for Outstanding Writing. From 1991 to 1993, he worked as a writer and producer on “The Simpsons” for three years. Such episodes as “Marge vs. the Monorail” and “Homer Goes to College” were written by him.
The initial weeks of “Late Night with Conan O’Brien” did not perform well when it debuted in 1993. By 2005, the show had gained notoriety and was viewed by approximately 2.5 million viewers. The show ended on February 20, 2009, after 15 years.
About Cocoa Team
O’Brien established the production company Team Coco over a decade ago. According to the contract signed with TBS, Conan and Team Coco were the owners of his show. According to the Wall Street Journal, Team Coco earned approximately $10 million from YouTube in 2021.
Team Coco videos on YouTube and Facebook were viewed more than 1 billion times in a single year. It has approximately 17 million social media followers and approximately 180 million annual podcast downloads on average.
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Conan O’Brien was the company’s largest shareholder, while his producing partner, Jeff Ross, held a minority interest.
Investments in Real Estate
According to Celebrity Net Worth, Conan purchased a home in the Brentwood neighbourhood of Los Angeles for $10.75 million in 2008. In 2012, the residence was sold at a loss of $1.5 million.
In 2011, Conan and his wife purchased a $19.4 million home in the Pacific Palisades. It is unclear whether he acquired a second adjacent property as part of the $19.4 million transaction.
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