Anchor co-founder Michael Mignano resigns from Spotify

Photo by elnaz asadi on Unsplash

Spotify's podcasting tech chief and Anchor co-founder Michael Mignano will leave the company by the end of June. Spotify confirmed that he submitted his resignation last week, making him the latest high-profile departure from Spotify's podcasting business. He follows after the head of studios and video Courtney Holt and Gimlet Media director Lydia Polgreen left. Holt was the one who cut blockbuster deals with Joe Rogan and the Obamas.

Mignano co-founded Anchor in 2015, which Spotify bought in 2019 for over US$150 million. The streaming service brought in Mignano to head its podcast tech division. As The Verge pointed out, Anchor hasn't produced any big stars. Still, it has become one of the most-used podcast hosting platforms, with one out of four new podcast episodes done through Anchor (according to Livewire Labs).