Luminary names new CEO six months aftertroubledlaunch

Luminary, the subscription podcast startup, named a new CEO today, almost six months to the day after the service’s troubled debut. The startup will now be led by Simon Sutton who comes from HBO where he served as president and chief revenue officer. Matt Sacks, a Luminary co-founder who served as CEO until now, will become the company’s executive chairman.

Sacks called the change a “perfect, positive, and transformative development for Luminary.” Luminary also announced that it has raised an additional $30 million in funding.

The executive changeup comes just weeks after Luminary co-founder and chief strategy officer Joe Purzycki left the company. He was replaced with an...

Continue reading…