Spotify renews contract with podcast host Bill Simmons - Bloomberg

Investing.com -- Spotify Technology SA (NYSE:SPOT) has renewed its contract with popular podcast host and media executive Bill Simmons, according to Bloomberg News. The announcement was made on Wednesday, confirming that Simmons will remain with the Swedish audio streaming giant for at least the next two years.

Simmons, aged 55, will continue to produce his signature show, which covers topics on sports and pop culture. Additionally, he will maintain his position as the company’s head of talk strategy, directly reporting to Roman Wasenmüller, the leader of Spotify’s podcast business.

Prior to the renewal, there were rumors that Simmons might part ways with Spotify once his contract came to an end. This was largely due to Spotify’s decision to reduce its investment in original podcast content. Contrary to this speculation, Simmons has been actively adding new shows to his portfolio and has significantly contributed to Spotify’s foray into video content.

Despite the cutbacks in original podcasts, Simmons’ continued presence at Spotify suggests the company’s ongoing commitment to its podcast and video content strategy. The terms of the new contract were not disclosed in the announcement.

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