Bad news, Instacast fans: The well-reviewed podcast player for Mac and iOS has been discontinued.

The app's parent company, Vemedio, sent an email to subscribers indicating that the abrupt move was due to money issues. In the email, which was obtained by 9to5Mac, Vemedio founder Martin Hering said he "ran out of funds to keep the project going."

The freemium app did make some money through subscriptions, with 6-month memberships going for $9.99 and yearly ones available for $14.99. With its brand new Apple Watch app, Instacast seemed to be innovating up until its sudden death.

Instacast users have a few alternatives to choose from, including Apple's built-in Podcasts app, Overcast, Downcast, and Pocket Casts. They can also stream podcasts from apps like Stitcher. Hering recommended Pocket Casts to Instacasters looking for a replacement in a Sunday tweet.

What this means for you: Instacast will continue to function at least in the near term, but paying members will soon have their subscriptions canceled. What's your favorite podcast app now that Instacast is no more? Let us know in the comments.