Podium Entertainment Sold to New Investors

Prefer to listen? Narrated by AudiobookRush Founder & Publisher Daniel Henning.

AUSTIN, Texas–(BUSINESS WIRE)–Presidio Investors (“Presidio”), a lower middle market private equity firm, today announced the sale of Podium Entertainment (“Podium”) to Flexpoint Ford and Shamrock Capital, with GoldState Music joining as a minority investor. Podium, headquartered in Los Angeles, California, is a leading independent publisher committed to discovering, developing, and amplifying the works of both emerging and bestselling authors, representing more than 3,000 authors today. Podium is the audiobook industry’s third-largest publisher, having grown its catalog from roughly 1,200 titles in 2019 to more than 15,000 titles today.

Presidio first invested in Podium in 2019, when the company was an early-stage, founder-led audiobook publisher. Over more than six years of partnership — with Karl Schade, Victor Masaya, Dirk Swaneveld, and Mark Goldman serving on Podium’s board of directors — Presidio worked alongside CEO Scott Dickey and management to scale the company’s data-driven IP acquisition engine, establish a commanding position in the fantasy, romance, and science fiction genres, and expand the platform beyond audio into ebook and print formats, including through the acquisition of Bookstat and new distribution agreements with Ingram, Audible, and eleven additional retailers.

Podium’s proprietary technology platform is expected to drive continued growth. The company holds leadership positions across its core genres, ranking as the 2nd largest publisher of romance audiobooks and the 1st largest publisher of science fiction & fantasy audiobooks in the United States, a leadership position built on a production team of more than 1,500 narrators and 100+ employees.

In connection with the transaction, David Kaefer, former Spotify executive, will join Podium’s Board of Directors. Additionally, Podium is partnering with Ownership Works, “a nonprofit organization on a mission to increase prosperity through shared ownership at work,” to establish a program giving all Podium employees an ownership stake in the company as it enters its next phase of growth.

“This is a proud moment for everyone who has been part of the Podium journey since 2019, and we’re excited for what comes next,” said Karl Schade, Managing Partner of Presidio Investors.

“We are incredibly proud of the work we’ve accomplished to date on behalf of the thousands of authors and voice actors Podium represents, and alongside the tremendous support we received from Presidio Investors since 2019, but this is just the beginning of our story,” said Scott Dickey, Chief Executive Officer of Podium Entertainment. “Partnering with the Flexpoint, Shamrock, and GoldState teams represents an opportunity to rapidly extend our capabilities for the authors and storytellers who trust us every day to deliver their stories and grow their audiences. We firmly believe in Podium’s differentiated author service model which is built to attract, support, and retain the best storytellers in the world.”

LionTree Advisors and FTI Consulting served as financial advisors, and Ballard Spahr served as legal counsel, to Podium and Presidio in connection with the transaction. MNP and Deloitte served as tax advisors to Podium. Flexpoint was advised by Lazard and Latham & Watkins. Paul Weiss advised Shamrock. KPMG served as buy-side financial advisor.

About Podium Entertainment

Podium Entertainment is a leading independent publisher committed to discovering, developing, and amplifying the works of both emerging and bestselling authors. Founded in 2019, Podium is now one of the largest audiobook publishers in the world and has produced multiple New York Times, USA Today, and Audible bestsellers. For more information visit podiumentertainment.com.

Source: businesswire.com:https://www.businesswire.com/news/home/20260921170134/en/