Spotify Acquires and Shutters MightyTV

Paul Sawers, writing for VentureBeat:

Spotify has acquired MightyTV, a New York-based startup that uses AI to provide video recommendations based on personal preferences and opinions of friends. Terms of the deal were not disclosed. […]

As a result of this acquisition, MightyTV is being shuttered with immediate effect, which essentially means this deal was more of an acqui-hire than anything else.