Conan O'Brien just sold his podcast network to SiriusXM for a reported $150 million, but his hit show will still be available elsewhere

• SiriusXM is acquiring Conan O'Brien's podcast network, Team Coco, for a reported $150 million.
• His marquee podcast, "Conan O'Brien Needs a Friend," will remain on all podcast services.

Former late-night talk-show host turned hit podcast host Conan O'Brien is selling his production company, Team Coco, and its podcasts to SiriusXM in a deal sources tell the Wall Street Journal is worth $150 million.

O'Brien will executive-produce a new Team Coco comedy channel on the satellite-radio service, SiriusXM said in a press release on Monday morning, but the hit podcast "Conan O'Brien Needs a Friend" will remain on the streaming services where it's currently available.

The deal includes a guarantee that O'Brien will remain with the company for the next five years.

Conan O'Brien is a longtime fixture in American comedy, from his influential role as a writer on "The Simpsons" and "Saturday Night Live" to his decades hosting late-night talk shows on NBC and TBS.

The podcast he hosts, "Conan O'Brien Needs a Friend," features lengthy interviews with celebrities. It is among the most popular podcasts on Apple's podcast service and Spotify. Beyond O'Brien's marquee show, Team Coco produces the hit shows "May I Elaborate?" hosted by JB Smoove and "Literally!" hosted by Rob Lowe.

SiriusXM's acquisition of Team Coco is the latest in a series of major podcast production and talent acquisitions by larger media platforms.

Spotify is said to have paid $200 million to acquire exclusive rights to comedian Joe Rogan's podcast "The Joe Rogan Experience," and $230 million for the podcast production company Gimlet Media.

SiriusXM paid upwards of $325 million to acquire Stitcher back in 2020, which included the podcast network Earwolf.

A representative for SiriusXM declined to comment on the terms of the deal, and representatives for Team Coco did not respond to a request for comment as of publishing.

Got a tip? Contact Insider senior correspondent Ben Gilbert via email (bgilbert@insider.com), or Twitter DM (@realbengilbert). Use a non-work device to reach out. PR pitches by email only, please.