Max Cutler, founder of podcast studio Parcast, has left Spotify after a four-year podcasting partnership. Parcast was acquired by Spotify in 2019 and has since produced popular true crime and mystery shows like “Serial Killers” and “Unsolved Murders.”
According to reports, Cutler left the company to pursue other creative projects outside of podcasting. His departure was confirmed by a spokesperson for Spotify, who praised Cutler’s contributions and wished him the best. While the departure of the Parcast founder is a significant loss for Spotify, the company remains committed to investing in and producing high-quality original content for its podcasting platform.
Cutler’s departure from Spotify comes at a time when the podcasting industry is booming. According to a recent report by the Interactive Advertising Bureau, podcast advertising revenue in the US is expected to reach $1.7 billion by 2022, up from $708 million in 2019. With this growth, there has been an increase in the number of podcast studios and production companies, and competition is becoming increasingly fierce.
Despite the competition, Spotify has remained a major player in the podcasting space, investing heavily in the acquisition of studios and the production of original content. The company has recently acquired podcast studios like The Ringer and Megaphone, and produced original content like “The Michelle Obama Podcast” and “Renegades: Born in the USA,” featuring former President Barack Obama and Bruce Springsteen.
While Cutler’s departure from Spotify is a significant loss, it remains to be seen how it will affect Parcast’s future and the company’s overall strategy. With the podcasting industry continuing to grow, it will be interesting to see how Spotify adapts to the changing landscape and how it competes with other players in the market.