Spotify's Founder and CEO Daniel Ek Is Stepping Down (techcrunch.com) 12
Spotify founder Daniel Ek will step down as CEO by year's end, transitioning to executive chairman after nearly two decades at the helm. In his place will be Gustav Soderstrom and Alex Norstrom as co-CEOs. TechCrunch reports: "Over the last few years, I've turned over a large part of the day-to-day management and strategic direction of Spotify to Alex and Gustav -- who have shaped the company from our earliest days and are now more than ready to guide our next phase," Ek said in a statement. "This change simply matches titles to how we already operate. In my role as Executive Chairman, I will focus on the long arc of the company and keep the Board and our co-CEOs deeply connected through my engagement."
In a post on X, Ek also mentioned that Spotify has been profitable for over a year. Ek has served as Spotify's CEO since he founded it in 2006, so this is a big change in leadership for the streaming giant.
In a post on X, Ek also mentioned that Spotify has been profitable for over a year. Ek has served as Spotify's CEO since he founded it in 2006, so this is a big change in leadership for the streaming giant.
Good (Score:1)
Given his investments into AI drone company Helsig that is enabling israeli genocide, and the artist boycotts that resulted, this is welcome news.
Re: (Score:2)
I guess fabulous wealth to right wing nut job is a natural step. You rarely see it the other way, maybe Gates, he does a lot of philanthropy.
Re: Good (Score:2)
Pfft (Score:4, Insightful)
His work in assisting the music industry extend it's grip on music distribution is now being felt with a dearth of options for musicians. It's little wonder why music from the 90's is still popular.
Re: (Score:2)
Re: (Score:2)
Why? The premise of the post is that new music should somehow be more valuable to me as a listener than old music. Why should I not use a streaming service? Humans seeking products or services are self interested, what's in it for me switching to Bandcamp other than the fact my Spotify Connected systems stop working and listening to music becomes more difficult?
Re:Pfft (Score:4, Insightful)
Buy your music, and you will secure access to it until you're 90.
Re: Pfft (Score:2)
I listen to an insane amount of new music, trying to discover new things and stay on top of new releases by artists or labels I already like. I'm easily listening to 10 new albums a week, and maybe 100 singles. Having most of this available on one platform (Qobuz for me) for a monthly fee is a great deal. It basically replaced freeform radio, podcasts and piracy for me as a way to discover and find out what I like.
What I really like, I still buy. What I really, really like, I buy at my
Re: (Score:2)
There's a bunch of "older" music that disappears randomly from the streaming sites. Newer music tends to be actively promoted there.
What's in it with Bandcamp is download and ownership of plain, DRM-free audio files, which will continue to work after Spotify Connect is discontinued or whatever band/label decides to revoke Spotify's license to stream their music. (Or the other way around, Spotify and the distribution ecosystem they've curated boot artists regularly as well.)
Co-CEO's are generally not successful long term (Score:2)