Anchor co-founder Michael Mignano to leave Spotify

Michael Mignano, co-founder of Anchor and Spotify’s podcasting tech chief for the past three years, tendered his resignation last week, the company confirmed Monday. He will leave at the end of June.

The uproar follows two other high-profile departures in Spotify’s podcasting business. Last month the news broke that head of studios and video Courtney Holt, who made blockbuster deals with Joe Rogan and the Obamas, will leave the company. Also in April, Gimlet Media director Lydia Polgreen announced her departure for The New York Times

Mignano co-founded DIY podcast distributor Anchor in 2015. Spotify bought the company for more than $150 million in 2019, bringing in Mignano as the top podcast tech czar, overseeing the explosive growth of podcasts and expansion into live audio.

While Anchor hasn’t produced any major audio stars yet, it’s the most used podcast hosting platform† According to Livewire Labs, one in four new podcast episodes are published through Anchor. Spotify has relied on the platform to expand its podcast library. The streamer is now home to 4 million podcasts, up from 1 million podcasts in 2020, and the company says 85 percent of its new podcasts are uploaded through Anchor.

Mignano could not be reached for comment.

www.theverge.com

Leave a Reply

Your email address will not be published.