Dave Chappelle Buys Stake In Luminary the Company that Produces His Podcast ‘The Midnight Miracle’
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Dave Chappelle is shaking up the podcast industry with an investment in Luminary the company that produces his cast The Midnight Miracle.
The move by Chappelle leads to an executive shake-up that will see Rishi Malhotra take over as Luminary’s CEO.
Malhotra will succeed Simon Sutton, the former HBO president who has served as Luminary’s CEO since 2019. Sutton had informed the Luminary board that he was leaving his position at the end of 2021, according to an announcement from the company on Tuesday, but he will remain on the board.
As will Chappelle.
Chappelle said on Tuesday: “I chose Luminary because they value artists and share my vision for reimagining audio content. The Midnight Miracle and our unique format is changing the podcast experience.”
Malhotra said in a statement: “We are going beyond subscriptions to deliver products that connect fans more uniquely to creators. I’m honored to work with the exceptional team and talent partners at the company. We are at a crossroads of shaping new media that entertains, educates and elevates us.”
