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When “Law & Order” ended its 20-year run in 2010, it had already cemented its place as one of the longest-running television dramas in history. Its success was a testament to the enduring popularity of a good mystery.
Mining that same well of a demand for whodunnits, a roughly one-year-old Los Angeles-based startup called Solve has raised $20 million in financing to update the genre for a new generation of media consumers.
Its eponymously titled social media programming, available on Instagram and Snap, has managed to nab roughly 30 million interactions over the year-and-a-half that it distributed its productions. Now the company is launching a true crime podcast on the iHeartMedia and Apple platforms to tap into another potentially high-growth market.
Solve began as a series developed within the mobile-focused entertainment studio, Vertical Networks. Helmed by Tom Wright and financed by Elisabeth Murdoch (through her Freelands Ventures fund, which Wright also managed) and Snap, the company was one of the early entrants to raise cash as a production studio for mobile content. But it was far from the only studio to see money in mobile-first entertainment. All of the major internet-age media companies had their own mobile strategies.
Murdoch eventually replaced Wright (so that he could work on spinning up Solve as an independent entity) and sold Vertical Networks two months ago to the online media startup, Whistle, for an undisclosed amount.
“I spent a year looking deep, deep, deep into audience behavioral data on Snap and Facebook,” Wright says. “The DNA of what I thought [audience] sensibilities was leading towards was this format.”
As Vertical Networks was winding down, Solve was spinning up with help from Lightspeed Venture Partners, Upfront Ventures and Advancit Capital.
“We’ve seen incredibly popular crime mystery shows across media, including podcasts like Serial and Dirty John, TV shows like Making a Murderer and Law & Order, and movies like The Usual Suspects and Gone Girl,” said Jeremy Liew, partner at Lightspeed Venture Partners, in a statement. “Games have attained a first class status as media but we’ve yet to see a crime mystery format game achieve the same success, and Solve is going to right that wrong.”
The gamification element that’s made Solve’s episodes resonate with mobile audiences on social platforms will be a small part of the initial series, says Wright, with plans to expand the interactive elements going forward.
Produced in partnership with SALT audio, whose previous work includes “Blackout” and “Carrier” and iHeartMedia, the 10-episode series uses the same “ripped from the headlines” storytelling for its 30-minute broadcasts and offers listeners clues in leaked audio files, voicemails, courtroom testimony and other evidence to try to guess the killer.
For now, Solve is content to be a studio producing ad-supported media for platforms like Apple, Snap, Facebook, iHeartMedia and other distributors, according to Wright. It’s a different path than studios like Quibi, which is creating its own streaming service dedicated to mobile storytelling and backed by many of the major Hollywood studios.
The current pace of production means that Solve is making 18 original episodes per month. For the 40-year-old Wright, Solve represents a fourth foray into the world of startups. And while he’s not a fan of the crime or mystery genre himself, Wright said that the data around engagement was too compelling to not try to launch a business around it.
“The Internet has changed how we interact with the world from taxis to news to shopping. We believe that Solve can fundamentally change how we interact with narrative video storytelling,” said Mark Suster, managing partner, Upfront Ventures, in a statement. “When we heard Tom’s vision for short-form video that you not only watch but also must ‘solve‘, we knew that it had enormous potential.”
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Radio giant iHeartMedia announced today that it’s reached an agreement to acquire Jelli, a company bringing programmatic ad-buying to radio broadcasters.
In fact, iHeartMedia was already working with Jelli to allow businesses to use programmatic tools to buy advertising on the company’s 850 broadcast radio stations. iHeartMedia also invested in Jelli’s most recent funding round.
As a result of the deal, the Jelli team in Silicon Valley will become iHeartMedia’s main adtech operation, and it will still be led by CEO Michael Dougherty. At the same time, iHeartMedia says Expressway by Katz, the programmatic ad exchange created using Jelli technology, will be run independently by Katz Media Group.
In a statement, iHeartMedia CEO Bob Pittman said:
At iHeart we believe marketing is both math and magic. The math is our rich data and insights about our users and how they relate to our partners’ products and services — and the magic is the incredible creative ideas we bring to our partners, such as our iconic music events, award shows, influencers, podcasts, social reach and our unique on air promotions. Jelli allows us to do something no other company can do — advertisers can now buy and use our broadcast assets, reach and impact just as they use the major digital players. We now offer heavy data and heavy creative innovation all in one place.
The financial terms of the acquisition were not disclosed. Jelli’s other investors include Relay Ventures, Intel Capital, First Round Capital and Universal Music Group, and, according to Crunchbase, it raised more than $40 million total.
iHeartMedia, meanwhile, filed for bankruptcy in March, though it looks like it’s now preparing to leave Chapter 11 protection.
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iHeartMedia announced today that its streaming radio app iHeartRadio is coming to Mexico. In fact, a beta version of the app is already live, with plans for an official launch on November 3.
As part of this launch, the company is partnering with Mexican broadcaster Grupo ACIR, which owns the Amor, Mix and La Comadre radio brands. iHeartRadio México will include all 56 Grupo ACIR and 850 iHeartMedia broadcast radio stations.
The app will also offer digital-only stations from both companies, as well as English- and Spanish-language podcasts. (iHeartMedia is getting more serious about podcasts, as indicated by its recent acquisition of the parent company behind HowStuffWorks.)
The launch is timed to coincide with iHeartRadio Fiesta Latina in Miami, and the broadcasters are promoting the partnership with a contest for one Grupo ACIR listener to win a VIP trip to the event.
“This partnership will allow us to better connect with our audience by delivering an incredible free music listening experience and providing amazing technology to our users and partners,” said Grupo ACIR CEO Antonio Ibarra in the announcement.
At launch, the app won’t include some of iHeartRadio’s other features, like on-demand music streaming. Chief Product Officer Chris Williams said this follows the roadmap the company used when launching in markets like Australia, Canada and New Zealand — it starts out with live radio and podcasts, because negotiating for international streaming rights takes time.
“It’s faster for me to develop and release the app, get it out there and get adoption, establish what we are and who we are,” Williams said. “Then we can get the rights and add the functionality.”
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iHeartMedia has agreed to acquire Stuff Media, the company that owns the HowStuffWorks podcasting business.
The companies did not disclose the financial terms of the deal, but both the Wall Street Journal and Variety are reporting that the acquisition price was $55 million.
According to the announcement, Stuff Media podcasts will retain their branding and the organization will remain headquartered in Atlanta, while President and CEO Conal Byrne joins iHeartMedia as the head of its podcasting division.
HowStuffWorks was originally founded in 1998 and had a number of owners before spinning out as an independent company and raising a $15 million Series A last year. In recent years, its focus has shifted from explainer articles and videos to podcasts, and in fact, it says those podcasts receive more than 61 million downloads and streams each month, with Stuff You Should Know surpassing 500 million downloads this year.
iHeartMedia, meanwhile, filed for bankruptcy earlier this year. (The media company was formerly known as Clear Channel.) Prior to announcing the acquisition, it was already working with Stuff Media on its true crime podcast Atlanta Monster.
“Stuff Media is the original trailblazer of the podcasting industry, and we’ve been impressed by its ability to grow a massive, loyal audience over the past decade, led by a strong, experienced and cohesive management team, who we welcome to iHeartMedia,” said iHeartMedia’s chairman and CEO Bob Pittman in the announcement. “This strategic acquisition will pair Stuff Media’s wildly popular content and strong creative capabilities with iHeartMedia’s extensive resources and massive scale through our digital platforms, social reach and broadcast radio stations, introducing podcasts to the vast majority of the country and offering even more unique opportunities for advertisers to reach their consumers.”
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iHeartRadio is best known for its free service offering thousands of live, streaming AM and FM radio stations and its ability to create your own custom station, similar to Pandora. Today, the company is adding a new feature for all users – both free and paid – that blurs the lines between streaming radio and the typically premium-only option of using playlists: Playlist Radio.
Like most playlists, Playlist Radio isn’t a random assortment of songs.
Instead, the songs it plays are curated and programmed by radio DJs and other iHeartRadio staff. That means there isn’t an algorithm deciding what to play next – you’re listening to a selection of songs an actual person has put together.
However, because it’s still “radio” you can’t do some of the things you could with the premium product’s playlists – like reorganizing tracks, adding or removing songs, or playing a particular song in the playlist on-demand. Instead, the songs will play in their given order, though you can skip up to six songs per hour within a playlist – the same as free users have when they’re listening to iHeartRadio’s artist stations.

The addition of Playlist Radio opens up iHeartRadio’s over 1,000 existing playlists to a wider audience.
This includes all nearly the artist-created, genre-based, activity-focused, musical era-focused, and theme-based playlists, with the exception of a handful of playlists that have too few songs to turn into a radio experience.
Before now, those playlists were only available behind a paywall for iHeartRadio Plus, the $4.99/month on-demand music service, and iHeartRadio All Access, which offers unlimited access to millions of songs and offline listening.
In addition, the playlists will be updated every week, save for those where it doesn’t make sense – like those focused on a particular era, like ’60’s music, for example.

“One of the things we’re most excited about and the area where i feel like we really excel is in music curation,” explains iHeart’s Chief Product Officer, Chris Williams, of how Playlist Radio came to be. “We have some of the greatest music curators on the planet within iHeartRadio. We have the best radio programmers, music directors, and program directors who are out there curating every single day for their radio stations. So we tapped into the resources that we had there, as well as finding some external expertise.”
The idea is that these programmers have already built these great, curated listening experiences, but because free products can only offer radio play as opposed to on-demand streams, the subset of iHeartRadio’s 110+ million registered users who aren’t on a subscription tier were missing out.
However, Playlist Radio could also drive those free users to upgrade, in order to better take advantage of the on-demand options.
“I think it’s exposing a great listening experience to our existing free users, and offering them up a listening opportunity that doesn’t exist on the free tier right now,” says Williams. “I think what radio does a brilliant job at is programming formatically. And I think what Playlist Radio does a great job of is offering listening occasions that are thematic,” he notes. The new products aims to marry the two.

While on-demand music services are growing, there’s an increased interest in lean-back modes of listening, even for on-demand users who can play whatever they choose. For example, Pandora just challenged Spotify with the launch of dozens of personalized playlists based on its Music Genome; and Spotify, of course, is still well-loved for its popular “Discover Weekly” personalized playlist and its curated trendsetters, like RapCaviar.
Of course, the launch also comes at a time when iHeartRadio is facing steep competition from those competitors and others, including Apple and Amazon, in music.
In fact, the streaming service’s parent company, iHeartMedia – which also owns hundreds of radio stations, a concert business, and a 90% stake in Clear Channel Outdoor’s billboard company – recently filed for Chapter 11 bankruptcy. Consumers won’t know the difference when it comes to using iHeartRadio’s streaming service in the near-term. However, Pandora investor Liberty Media (SiriusXM’s owner) was interested in a deal with iHeartMedia which could impact iHeartRadio’s business in the future.
Playlist Radio is rolling out today to all iHeartRadio users on iOS, Android and desktop, before making its way to other platforms.
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A few months ago, iHeartRadio announced that it would be adding paid subscriptions for on-demand music. Today it’s releasing more details about its plans — and launching beta versions of those paid offerings. iHeartMedia, the company behind iHeartRadio, has its roots in traditional radio (it owns 858 stations), and until now, the app was largely a way for you to listen to radio on… Read More
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iHeartRadio could be getting more competitive with on-demand music services like Apple Music and Spotify next year. Launched by the radio and media company Clear Channel (which has since rebranded as iHeartMedia), iHeartRadio gives users the ability to listen to broadcast radio on their computers and phones, as well as listening to online stations designed around specific musical artists.… Read More
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