SPOT - SiriusXM is said to hire Disney+ executive as chief product technology officer

SiriusXM (NASDAQ:SIRI) has hired a top executive from Disney+ (NYSE:DIS) streaming service to help the satellite broadcaster to expand its offering and appeal outside of cars. SiriusXM had hired Joe Inzerillo, formerly the chief technology officer of Disney+ streaming service, as the company's chief product and technology officer, according to a WSJ report. The hiring comes as SiriusXM faces increasing competition from services such as Spotify (NYSE:SPOT), Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN), whose streaming services compete with the satellite radio pioneer. SiriusXM has made efforts to compete with these services evidence by its purchase $3.5B purchase of Pandora music in 2019. Last month, Sirius XM dip as Barclays cuts to Underweight on Liberty developments.

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SiriusXM is said to hire Disney+ executive as chief product, technology officer