Stitcher, the popular podcasting app and web service, will be shutting down on August 29th. SiriusXM, the parent company of Stitcher, plans to incorporate podcasts into its flagship SiriusXM subscription business.
Stitcher has been known for its user-friendly navigation and wide-spanning library of podcasts. The app was acquired by SiriusXM in 2020 for $325 million. Automatic renewals for paid subscriptions have been turned off, and refunds will be issued for unused portions of annual subscriptions.
Current Stitcher subscribers will be able to continue listening to their favorite podcasts within the SiriusXM app later this year, with an all-new listening experience.
While Stitcher Studios and its Earwolf comedy network will continue making podcasts, the availability and accessibility of premium content will be determined by hosts and creators. Users are advised to follow their favorite podcast creators on social media to learn about the future of their shows.
SiriusXM CEO Jim Meyer said in a statement:
“We are excited to incorporate Stitcher’s best-in-class podcasting platform and content into our SiriusXM subscription business. This will give our subscribers even more great content to choose from, and it will also help us to reach new listeners.”
In a statement, Erik Diehn, the CEO of Stitcher, expressed:
“We are proud of what we have built at Stitcher, and we are excited to see what the future holds for our podcasts as part of SiriusXM. We believe that SiriusXM is the best home for our podcasts, and we are confident that our listeners will continue to enjoy them.”
The shutdown of Stitcher is the latest sign of consolidation in the podcasting industry. In recent years, there have been a number of mergers and acquisitions, as companies seek to gain a larger share of the market.
It remains to be seen what the long-term impact of the Stitcher shutdown will be. However, it is clear that the podcasting industry is still in its early stages, and there is still a lot of growth potential.