Conan O’Brien is getting a huge payday thanks to his podcast empire.
On Monday, it was announced that the former late-night host has sold his podcast and digital media business Team Coco to SiriusXM in a $150 million deal, according to Yahoo!.
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The deal includes Team Coco’s 11 podcasts, including the O’Brien-hosted “Conan O’Brien Needs a Friend”, as well as the “Parks and Recreation”-centric show “Parks and Recollection”, hosted by Rob Lowe and Alan Yang.
As part of the acquisition, O’Brien has also entered into a five-year talent deal with SiriusXM, and will produce a comedy channel for the satellite radio service.
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The current slate of Team Coco shows will remain available through other popular podcast services.
O’Brien is just the latest star podcaster to sign a massive deal, following the likes of Joe Rogan, who took his podcast to Spotify in a deal reportedly worth $200 million.