Rishi Malhotra, co-founder and former CEO of JioSaavn, joins podcast company Luminary as CEO

Rishi Malhotra, co-founder and former CEO of music streaming service JioSaavn born in India, has joined podcast company Luminary as the new CEO.

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After serving as CEO of Luminary for over two years, Simon Sutton informed the Board of Directors at the end of 2021 that he would be leaving his position.

Sutton will remain on the Board of Directors of Luminary.

The company also announced that Pilot Boy Productions, owned by Dave Chappelle, has invested in Luminary and joins Luminary’s Board of Directors, with the seat of jealous Ben J.

Two additional new members will also join the Luminary Board of Directors – Heather Hiles and Mara Buxbam.

Chappelle, who, with yasiin bey and Talib Kweli, is the creator and executive producer of Luminary Original The Midnight Miracle, and also executive producer of additional audio content at Luminary.

Malhotra co-founded Saavn in 2006.

Originally Saavn was called BODVOD Network and specialized in distributing Bollywood discs to music services in North America.Worldwide music business

JioSaavn, now one of India’s largest music streaming platforms, comes into being after music service JioMusic merged with Saavn in a $1 billion transaction reported in November 2018.

Prior to that merger, the parent company of JioMusic Reliance Industries Limited (RIL) share buyback in Saavn worth more than $100 million.

Malhotra has developed projects with U2, Beyonce, Nas, Marshmello and many others.

Prior to founding Saavn, Malhotra served as Vice President of HBO, and from 2003 to 2008 he built and launched HBO On Demand, and also worked on the critically acclaimed HBO series The Wire highly rated.

“We are developing new original programming, with a particular focus on music, sports and comedy.

Rishi Malhotra

“Luminary is a one-of-a-kind company that is becoming a home for artists with unique perspectives, from Dave Chappelle and Roxane Gay to Russell Brand, Lena Dunham and Guy Raz,” Malhotra said.

“We are developing new original programming, with a particular focus on music, sports and comedy.

Malhotra added: “We don’t just sign up to offer products that connect fans with creators in a more unique way. I am honored to be working with the exceptional team and talented partners at the company.

“In my view, we are at the crossroads of shaping new media that entertain, educate and elevate us. The Midnight Miracle is an example of a new audio format in every way. It’s not just podcasts anymore. That’s Luminary. ”

“At Luminary, we are creating an authentic space for inspired artists to develop and share their original content.”

Dave Chappelle

“I chose Luminary because they value the artists and share my vision for re-imagining audio content,” says Chappelle. Our midnight magic and unique format are changing the podcast experience.

“At Luminary, we are creating an authentic space for inspired artists to develop and share their original content.”

We are honored that this group of world-class leaders is joining us to propel Luminary into our next phase of growth. ”

Matt Sacks, Luminary

Matt Sacks, Luminary Executive Chairman, said: “We are honored that this group of world-class leaders is joining us to propel Luminary into our next phase of growth.

“Rishi has proven itself in building a distinctive audio streaming company with unique creative capabilities. We’re equally proud to have a creative partner like Dave Chappelle demonstrating his belief in our vision by investing in the future of Luminary.

Sacks added: “We are grateful for Simon’s leadership and are delighted that he will continue to stay on Luminary’s team as a member of our Board of Directors.Worldwide music business

https://www.musicbusinessworldwide.com/rishi-malhotra-co-founder-and-former-ceo-of-jiosaavn-joins-luminary-as-ceo1/ Rishi Malhotra, co-founder and former CEO of JioSaavn, joins podcast company Luminary as CEO

Fry Electronics Team

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