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Spotify Technology SPOT shares are trading higher Thursday afternoon following the news that former U.S. President Barack Obama&nbsp;and his wife Michelle have signed a deal to produce exclusive podcasts,<a href="https://variety.com/2019/digital/news/barack-michelle-obama-spotify-podcast-1203234767/"> according to Variety</a>.

The Obama&#39;s production company, Higher Ground, will create exclusive podcasts for the streaming platform. The Obamas&nbsp;will develop, produce and lend their voices to select podcasts on a wide range of topics.

Spotify shares were trading up 2.7 percent at $134.49 at time of publication.

Related Links:

<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/04/13615540/spotify-hits-100m-premium-subs-buckingham-sees-20-upside">Spotify Hits 100M Premium Subs; Buckingham Sees 20% Upside</a>

<a href="https://www.benzinga.com/news/18/05/11750337/the-obamas-sign-netflix-production-deal">The Obamas Sign Netflix Production Deal</a>

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The Obamas Are Bringing Podcasts To Spotify - Spotify Technology (NYSE:SPOT)

Tanzeel Akhtar

Spotify Technology

Barack Obama

Michelle Obama

Variety

SPOT

The Obamas Are Bringing Podcasts To Spotify

Spotify Technology SA

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