StockMarketWire.com - Audioboom said Monday performance remained in line with management expectations for the full year and added that three more shows would be added to its originals network slate in first quarter of 2019.

As part of the company's strategy for expanding and sustaining Audioboom Originals Network (AON), three more shows including 'The Narrow Caves,' 'And That's Why We Drink' and 'Almost Smart with Vinny' would be added to the slate in first-quarter of 2019, Audioboom said.

AON now had a slate of 12 owned and operated podcasts and co-produced shows and had grown from a standing start to two million downloads per month in October 2018, driven by the popularity of shows including 'Covert', a military documentary; 'Mafia', a true crime history podcast; and the most recently launched podcast, 'Dead Man Talking,' the company said.

'We have been delighted by the listeners' and industry's response to the AON titles, especially Dead Man Talking, which has received almost 1 million downloads in seven weeks since its launch on 2 October, said Rob Proctor, Chief Executive Officer of Audioboom. 'It is the fastest growing show that we've ever released.'

'AON and co-production shows are a key focus for next year, which we anticipate will allow us to further grow gross margins, and potentially develop valuable IP, which we may be able to expand into TV and film production in conjunction with our partners into 2019 and beyond.'


At 10:01am: [LON:BOOM] Audioboom Group share price was 0p at 1.05p



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