BuzzFeed has officially sold its hit series ‘Hot Ones’ to a consortium led by the Soros Fund Management. Sean Evans, the host and co-creator, is expected to stay on board amid this major transition. The series, known for its celebrity guests enduring spicy chicken wings, has been a cultural phenomenon, drawing millions of viewers online. The deal is estimated to be valued at around $100 million, representing a significant shift in BuzzFeed’s content strategy. In an official statement, CEO Jonah Peretti said, ‘This sale allows us to focus on our core competencies while ensuring that ‘Hot Ones’ continues to thrive under new ownership.’ The sale was finalized amid BuzzFeed’s efforts to streamline its operations and improve profitability. ‘Hot Ones’ has garnered a strong following not only online but also through its merchandise and spin-off ventures. Evans expressed his excitement about the future, stating, ‘This is just the beginning for ‘Hot Ones’, and I can’t wait to see how it grows.’ The transaction indicates a growing interest from investors in digital media properties, showcasing how such brands can garner considerable value in today’s landscape.
BuzzFeed Sells ‘Hot Ones’ to Soros Fund, Marking a New Chapter for the Viral Series
