Conservative media company The Daily Wire, which has built one of the most listened-to podcast networks, is gaining momentum. CEO and Co-Founder Jeremy Boreing said the company’s 12-month revenue hit $100 million for the first time in 2021, up from an estimated $65 million in 2020 reports Axios.
The company, which moved its headquarters from Los Angeles to Nashville in 2020, now has 150 full-time employees. Best known for it’s The Ben Shapiro Show podcast and Westwood One syndicated radio show, The Daily Wire also is advancing into entertainment, setting its sights into film, TV and publishing as new revenue streams.
The company will release its first original movie, “Shut In,” for free on Thursday (9pm ET, YouTube). The thriller stars Vincent Gallo and Rainey Qualley. Boreing is hoping the free movie will turn viewers into paid subscribers.
“Entertainment is hard,” Boreing told Axios. “The investment is significant; the timeline is grueling from a cash perspective. Thank God for our subscribers.”
Following The Daily Wire’s move into book publishing in October, the company is eyeing ecommerce next. Boreing told the publication that ecommerce is “a huge area of growth” while the company plans to release its first consumer good in May.
“Too much of conservative media is powered by non-profits – either literally or functionally,” Boreing said.
The Daily Wire launched in 2015 by Shapiro and Boreing. It has since become one of America’s fastest-growing conservative media companies. The Daily Wire, LLC is wholly-owned by Bentkey Ventures, LLC, owned by Boreing, Shapiro, Caleb Robinson and Farris Wilks.