Audible, the Amazon-owned podcasting platform, picked Wavemaker to lead its $500 million paid media strategy and is adjusting its marketing plans as it tries to position itself in the audio landscape against rivals like Spotify.
Audible launched its agency review in December, and GroupM's Wavemaker was named the “agency of record for paid media worldwide,” according to an announcement today from both companies.
“Wavemaker’s energized approach to media will help Audible reach many more potential customers around the world and their global background will bring a nuanced, individualized approach to each marketplace in which we offer our service,” Cynthia Chu, Audible’s chief financial officer, said in the announcement.
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Audible had been working with a number of agency partners around the world to spend its media dollars. Publicis’ Spark Foundry handled spending in the U.S., for instance. Consulting firm ID Comms worked with Audible on the agency review.
Audible was not immediately available for further comment. But the new strategy consolidates global ad spending in one place, under Wavemaker. Audible is a sizable piece of Amazon’s broader audio portfolio, and it competes with Spotify, Apple, Google and others in podcasts. Audible is also known for original programming and audiobooks.