Amid reports that it is readying a public offering, Spotify‘s chief content officer, Stefan Blom, has left the company. Blom, who first joined Spotify in 2014, was responsible for helping the streamer ink licensing pacts with music labels as well as helming its original video strategy.
Blom, who reported to Spotify CEO Daniel Ek, announced his departure via an internal memo, per Recode, and the company has yet to name a successor. “We are grateful for Stefan’s many contributions to the company over the years and we wish him the very best,” a Spotify spokesperson told Recode in a statement. “Looking ahead, the content team is well positioned to execute on our strategy.”
Spotify is said to be eyeing a debut on the New York Stock Exchange this spring, and the company announced earlier this week that it has amassed 70 million paying subscribers.
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Spotify’s original video and podcasting efforts, however, dating back to 2015, have thus far failed to gain wider recognition. In September, head of video Tom Calderone departed the company, and he was succeeded by former Maker Studios exec Courtney Holt. Under Holt’s tutelage, the company scrapped its entire video slate in October — including the Carpool Karaoke-like Traffic James — to make way for a new video format, tentatively titled Spotlight that combines music, text, and images.