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Anker co-founder Michael Mignano to leave Spotify

Anker co-founder Michael Mignano to leave Spotify

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

The shakeup follows two other high-profile departures in Spotify's podcasting business. Last month, news broke that head of studio and video Courtney Holt, who cut blockbuster deals with Joe Rogan and Obama, would be leaving 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 in 2019 for more than $150 million and brought on Mignano as its top podcast tech czar, overseeing the company's explosive podcast development and expansion into live audio.

Although Anchor hasn't made any major audio stars yet, it has become the most used podcast hosting platform. According to LiveWire Labs, one in four new podcast episodes published are done through anchors. Spotify has relied on the platform to grow its podcast library. The streamer is now home to 4 million podcasts, up from 1 million podcasts in 2020, and the company says that 85 percent of its new podcasts are uploaded through anchors.

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