Spotify's roller coaster start to 2018 continues, as the streaming monolith now finds itself without a chief content officer following the exit of Stefan Blom on January 5. Initially reported by Recode, Blom exits the company while they're planning to go public, breaking subscriber milestones, and staring down a $1.6 billion lawsuit.
Per Recode, Blom announced his departure through an internal memo, and the company hasn't yet announced who will fill the role.
Blom had spent more than three years with Spotify, and as noted by TechCrunch, has helped renew the startup's licensing agreements with major labels Warner Music Group, Universal Music Group and Sony Music.
Streaming occupies a larger share of music revenue than ever before, so a major shakeup like Blom's departure is certainly big news, although neither the company nor Blom have elaborated on why he's leaving.
