Spotify’s best content material government is leaving, simply forward of the streaming song corporate’s deliberate public providing.
Stefan Blom, Spotify’s leader content material officer, introduced his departure by means of an inside memo nowadays. The corporate hasn’t named a successor to Blom, who reported to CEO Daniel Ek.
Blom’s departure comes after Spotify has filed confidential plans to head public by means of a novel “direct” IPO; the corporate has been focused on a spring date for the record.
The timing of Blom’s go out would possibly carry questions for traders as they have a look at Spotify.
Closing yr, the chief helped Spotify protected essential licenses with the massive song labels that lead the way for the corporate’s IPO. However he has additionally been accountable for the corporate’s tried push into video, which has stopped and began a couple of occasions with out gaining traction.
“We’re thankful for Stefan’s many contributions to the corporate through the years and we would like him the easiest,” a Spotify rep says. “Taking a look forward, the content material staff is easily situated to execute on our technique.”
The day past, Spotify introduced it has 70 million paying subscribers.