This story originally appeared in Hot Pod Insider. Sign up for Hot Pod here.
Multiple creators who have left the podcast network Kast Media say the company owes them significant sums of money — amounting to six or seven figures for advertising sold on their shows. A few creators have gone public on social media, and others have individually confirmed to Hot Pod that the company has not paid them for several months.
Instead of making the delinquent payments, Kast CEO Colin Thomson formally or informally offered creators a deal where they would be paid a partial amount of the money owed in cash and the rest in shares of PodcastOne on the condition that they sign an agreement to take their podcasts to the new company as a part of a p…