Holt previously was head of studios and video at Spotify, but at the time of his departure his title was head of talk partnerships, editorial and global markets.
The news was first reported by The Ankler and confirmed to Deadline by a person familiar with the details surrounding Holt’s departure.When Holt arrived at Spotify in 2017, the company was not an active player in, a burgeoning audio sector which has become a central aspect of its service. Today, it features a portfolio of broad-audience shows and has achieved scale by acquiring podcast producers like The Ringer, Gimlet and Parcast.
In the fourth quarter of 2021, Spotify reached 180 million paying customers and reported a 40% year-to-year jump in advertising revenue. For the full year, the company cracked the $3 billion mark in total revenue, in part due to its investments in podcasts. In its quarterly letter to shareholders, the company said it “benefited from strong growth across existing Spotify studios and our exclusive licensing deals.
Before joining Spotify, Holt has executive stints at Maker Studios, a video network acquired by Disney, as well as MySpace. In a tweet, Holt thanked his colleagues. “The goals we set were ambitious, and yet we achieved so much,” he wrote.I was luck enough to lead and interact with. The goals we set were ambitious, and yet we achieved so much. There is a great future for the company beyond what you can see and hear today!