Spotify's chief content officer is leaving ahead of its IPO

Spotify's Chief Content Officer Is Leaving Ahead of IPO

Spotify's Chief Content Officer Is Leaving Ahead of IPO

Spotify content chief Stefan Blom is stepping down from his role ahead of the company expected 2018 IPO.

Beyond Blom's forthcoming departure, Spotify declined to comment for this story. Spotify didn't give a reason for his exit.

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.

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"We are grateful for Stefan's many contributions to the company over the years and we wish him the very best", a Spotify rep says.

Spotify is also the target of a $1.6 billion lawsuit from Wixen Music Publishing, alleging that the music streaming service failed to obtain necessary "mechanical licenses" for many songs in its catalog.

Spotify's big lead over Apple Music isn't a surprise because it has several years lead on Apple's streaming music service.

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New York-based Blom's departure from Spotify was communicated via an internal note at the company earlier today (January 5). It last reported 140 million active users in June.

The 70 million subscribers paying for Premium services get ad-free playback and the ability to listen offline up to 10,000 tracks in Extreme quality on different devices and platforms.

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