Sirius Ropes In Disney Streaming Veteran To Compete With Spotify

Benzinga2021-12-13

Satellite radio broadcaster Sirius XM Holdings Inc (NASDAQ: SIRI) roped in the top architect of The Walt Disney Co (NYSE: DIS) streaming service to help it broaden its appeal to audiences outside the ...

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Spotify boasts 381 million monthly active users and 172 million paying subscribers, which recently passed Apple Inc (NASDAQ: AAPL) to become the top podcast platform in the U.S. by listeners.\nEight-year veteran Jim Cady, Sirius XM's innovation chief who has been serving as interim head of product development, will retire after working with Inzerillo through the end of February, the company said.\nInzerillo said that with nearly 120 million subscribers worldwide, Disney+ had hit its stride, and he wanted to move on to new challenges as his role there was becoming more operational.\nDisney will likely name a successor to Inzerillo.\nPrice Action: SIRI shares traded higher by 1.95% at $6.28 in the premarket session on the last check Friday.\n\nSee more from Benzinga\n\nDisney's ESPN Forges Landmark Deal With Global Polo Entertainment\nMatch Agrees To Settle Tinder Valuation Lawsuit For 1M\n\n© 2021 Benzinga.com. Benzinga does not provide investment advice. 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