Spotify Content Chief Steps Down Ahead of IPO
Stefan Blom has been with the company since 2014.
Spotify content chief Stefan Blom is stepping down from his role ahead of the company's expected 2018 IPO.
Blom, who reported to CEO Daniel Ek, has been with Spotify since 2014, when he joined as chief strategy officer. He has served as chief content officer since 2015, overseeing music licensing, creator partnerships and content for the music streaming service.
"We are grateful for Stefan's many contributions to the company over the years and we wish him the very best," a company spokesman said in a statement. "Looking ahead, the content team is well positioned to execute on our strategy."
Prior to joining Spotify, Blom spent a number of years as an executive at EMI, eventually rising to the role of CEO of EMI Nordic. His departure comes days after reports surfaced that in late December Spotify had confidentially filed to go public. The Swedish company is expected to directly list on the New York Stock Exchange, avoiding the road show that usually proceeds an IPO.
Spotify was recently hit with a $1.6 billion copyright lawsuit over its use of tens of thousands of songs on its platform. Wixen Music Publishing, which represents compositions by Tom Petty, Neil Young and others, alleges that Spotify does not have a license to stream the songs.
Spotify, which Ek founded in 2006, announced on Thursday that it has 70 million paying subscribers.
Recode first reported the news of Blom's departure.