Manhattan-based American broadcasting company SiriusXM has acquired Team Coco in a deal worth approximately $150 million according to the Wall Street Journal.
Team Coco, a podcast network and digital media business was launched by the famous American television host, comedian, and actor Conan O’Brien.
After the news of this latest deal broke, fans are trying to find out the net worth details of Conan O’Brien. Let us explore the same in our article below!
Conan O’Brien has an estimated net worth of $200 million according to Celebrity Net Worth.
As per the contours of the deal, Team Coco’s employees are expected to join SiriusXM. It will continue to produce the network’s podcasts including the famous “Conan O’Brien Needs a Friend”. They will also collaborate on content for SiriusXM. O’Brien will continue to be the host of his namesake podcast as per the five-year pact with SiriusXM.
Conan O’Brien’s Net Worth and Other Details
Speaking about the acquisition, O’Brien said, “When I started in television my ultimate goal was to work my way up to radio. This new deal with SiriusXM builds on the great relationship that began several years ago with a team that is the standout in their field.”
“We are thrilled that Conan remains committed to producing his incredibly successful podcast and will now expand his role into executive producing an exclusive Team Coco radio channel for SiriusXM,” said Scott Greenstein, president, and chief content officer of SiriusXM.
Post completion of his studies at Harvard University, O’Brien relocated to Los Angeles to work with HBO’s sketch comedy series “Not Necessarily the News”. He then joined the famous late-night talk show Saturday Night Live (SNL) in 1988 as a writer. During his stint with SNL for three years, he wrote sketches like “Mr. Short-Term Memory” and “The Girl Watchers”.
O’Brien and his colleagues at SNL received an Emmy Award for Outstanding Writing in 1989. He then worked as writer and producer of “The Simpsons” for three years from 1991 to 1993. He wrote episodes like “Marge vs. the Monorail” and “Homer Goes to College.”
In 1993, “Late Night with Conan O’Brien” was first premiered but the show did not went well in the initial weeks. The show later gained prominence and was viewed by approximately 2.5 million viewers by 2005. The show ended after 15 years on February 20, 2009.
About Team Coco
O’Brien founded a production company called Team Coco more than a decade back. As per the deal signed with TBS, Conan and Team Coco owned the rights to his show. Team Coco clocked revenue of ~$10 million from YouTube alone in 2021 as per the Wall Street Journal.
Team Coco videos were viewed by more than 1 billion times in a year cumulatively across YouTube and Facebook. It has approximately 17 million followers across social media platforms and averages around 180 million annual podcast downloads.
Conan O’Brien was the major shareholder in the company while his producing partner Jeff Ross held a minority stake.
Investments in Real Estate
As per Celebrity Net Worth, Conan bought a house by shelling out $10.75 million in LA’s Brentwood neighborhood in the year 2008. The house was later sold in 2012 at a loss of $1.5 million.
Conan and his wife purchased a new house in the Pacific Palisades in 2011 for $19.4 million. He also purchased another adjacent property however it is not clear if it was part of the $19.4 million deal.
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