Spotify hires Disney’s Courtney Holt to lead video and podcasting division

Spotify has hired Courtney Holt to lead the development of its global studios strategy, which includes video, podcasts and audio content.

In his new role as vice president – head of studios and video, Holt will report to chief content officer Stefan Blom. He will be based in Los Angeles.

Holt previously served as executive vice president of media and strategy at Disney. Before that he served as head of Maker Studios, which Disney bought in 2014 for $675m.

His hire comes days after Spotify confirmed that Tom Calderone, head of original video and podcasts, is leaving the music-streaming company.

According to Bloomberg, Spotify will be “narrowing its video ambitions” moving forward since the company has failed to gain much traction to date with its fledgling video arm.