Spotify Content material Chief Steps Down Forward of IPO

Spotify content material chief Stefan Blom is stepping down from his position forward of the corporate’s anticipated 2018 IPO.

Blom, who reported to CEO Daniel Ek, has been with Spotify since 2014, when he joined as chief technique officer. He has served as chief content material officer since 2015, overseeing music licensing, creator partnerships and content material for the music streaming service.

“We’re grateful for Stefan’s many contributions to the corporate over time and we want him the easiest,” an organization spokesman stated in a press release. “Wanting forward, the content material staff is effectively positioned to execute on our technique.”

Previous to becoming a member of Spotify, Blom spent a variety of years as an govt at EMI, finally rising to the position of CEO of EMI Nordic. His departure comes days after studies surfaced that in late December Spotify had confidentially filed to go public. The Swedish firm is anticipated to straight record on the New York Inventory Trade, avoiding the street present that often proceeds an IPO.

Spotify was just lately hit with a $1.6 billion copyright lawsuit over its use of tens of hundreds of songs on its platform. Wixen Music Publishing, which represents compositions by Tom Petty, Neil Younger and others, alleges that Spotify doesn’t have a license to stream the songs.

Spotify, which Ek based in 2006, introduced on Thursday that it has 70 million paying subscribers.

Recode first reported the information of Blom’s departure.

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