Spotify exec who helped lead its podcast push is leaving the company

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Spotify hasn’t been only a music streaming service for fairly a while now. Over the previous few years, it has acquired unique exhibits and inked large offers as a part of its push to turn out to be an influence participant in the world of podcasts. One of the company executives that helped make that occur was Courtney Holt, who performed a key function in bringing on the Obamas, Prince Harry and Meghan Markle, in addition to controversial host Joe Rogan to the platform. Now, The Ankler studies that Holt is leaving the company after virtually 5 years. 

Holt is reportedly stepping down in the coming weeks however will keep on as an advisor for a year. Spotify will divide his work and staff between Max Cutler, the head of latest content material initiatives, and Julie McNamara, head of its US studios. As The Ankler notes, Holt’s departure comes shortly after Lydia Polgreen stepped down as the managing director of Gimlet, certainly one of the podcast studios Spotify bought in 2019 together with Anchor and Parcast. Holt additionally helped Spotify clinch these offers. 

The govt did not say why he is leaving the company and posted a easy because of Spotify on Twitter:

Apparently, there’s rising unrest inside the company relating to large podcast acquisitions that have not been delivering the type of outcomes and audiences Spotify expects. If you want an instance of the scale of the company’s acquisitions: Its take care of Rogan reportedly price it a minimum of $200 million. The Joe Rogan Experience is not certainly one of the exhibits that hasn’t lived as much as Spotify’s expectations, seeing because it’s the prime podcast on the service. However, it did reveal that the company wasn’t fairly ready to take care of the points unique content material would possibly carry.

Rogan and Spotify got here below hearth earlier this year after the host guested Dr. Robert Malone, who’s recognized for spreading unfounded claims about COVID-19 and its vaccines. Spotify CEO Daniel Ek additionally apologized to the company’s staff after it was delivered to mild that Rogan used racist language in a few of the present’s episodes, which have since been eliminated. Ek remained steadfast in his stance to not take away episodes with misinformation, although, claiming that preserving them fostered “critical thinking and open debate.”

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