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Stock impact report

Spotify signs Bill Simmons, its $250 million man, to a new deal [Fortune]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: Fortune
Simmons will continue his namesake show covering sports and pop culture and serve as the company's head of talk strategy for at least two years, reporting to Roman Wasenmüller, who leads Spotify Technology SA's podcast business. There had been speculation that Simmons, 55, would leave when his contract expired, especially since Spotify has cut back on its investment in original podcasts. But Simmons has been adding new shows and has played a major role in Spotify's push into video. “I've been in enough work situations at this point that you just kinda know when you're in the right spot,” Simmons said in the statement. “I think all of us are motivated to do something pretty special in the talk and video space.” Simmons joined Spotify in 2020 when the streaming service purchased his company, the Ringer, for about $250 million. Chief Executive Officer Daniel Ek was expanding Spotify from music into new kinds of audio and spent more than $1 billion acquiring podcasting companies and Show less Read more
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