Spotify’s Chief Content Officer, Stefan Blom, is leaving the streaming company just ahead of its attempt to list on the New York Stock Exchange.
Blom joined Spotify in 2014 as Chief Strategy Officer, overseeing the firm’s operations, markets, and corporate development activities around the world.
He stepped up to Chief Content Officer in 2016, succeeding Ken Parks.
Prior to joining Spotify, Blom worked in various senior positions at EMI Music, serving most recently as CEO and Chairman of the group’s Nordic operations.
New York-based Blom’s departure from Spotify was communicated via an internal note at the company earlier today (January 5).
“We are grateful for Stefan’s many contributions to the company over the years and we wish him the very best,” said a Spotify spokesperson.
“Looking ahead, the content team is well positioned to execute on our strategy.”
Spotify announced yesterday (January 4) that it had surpassed 70m paying subscribers worldwide.
The company is currently being sued in a $1.6bn lawsuit by Wixen Music Publishing, which accuses Spotify of failing to pay mechanical licenses for songs on its service in the US.
Wixen founder Randall Wixen told MBW: “Spotify has more than $3 billion in annual revenue and pays outrageous annual salaries to its executives and millions per month for ultra-luxurious office space in various cities.
“All we’re asking for is for them to reasonably compensate our clients by sharing a miniscule amount of the revenue they take in with the creators of the product they sell.”Music Business Worldwide