Lorentzon will become vice chairman, he said Thursday on his Twitter feed. Martin Lorentzon, a co-founder of Spotify, is stepping down from his role as chairman after 10 years, a Spotify spokeswoman said in an e-mail.
This article originally appeared on The Industry Observer, which is now part of The Music Network.Spotify co-founder and Chief Executive Officer Daniel Ek is consolidating power over the world’s largest music streaming service, taking on the role of chairman ahead of a planned initial public offering as soon as next year. Spotify’s charts push follows Billboard’s move last month to publish two new weekly charts tracking the most popular songs on the planet, the Billboard Global 200 and Billboard Global Excl. The new charts will measure streaming activity from Friday through to the following Thursday, and will be published each Monday. The Top Albums and Songs streamed globally, every Monday.įor more daily chart updates, follow on Twitter. Weekly Song Chart and a Global Weekly Song Chart. Weekly Album Chart, a Global Weekly Album Chart, plus a U.S. In other news, Spotify is launching its own set of Weekly Top 50 charts, include a U.S. “And I’m like, ‘No, I mean, you can make it if you want to.’ Some people don’t like that ambiguity that’s not for them.” “Americans typically say, ‘Well, I thought you, Daniel, were supposed to make the decision,'” Ek said.
It’s a “consensus-driven culture” he told The Observer Effect. It is about putting the work in, about the storytelling around the album, and about keeping a continuous dialogue with your fans.”Īt Spotify, decisions are made by committee. The artists today that are making it realise that it’s about creating a continuous engagement with their fans. He was quoted as saying, “you can’t record music once every three to four years and think that’s going to be enough. It’s a human angle on a leader who was widely slammed following an interview he gave with Britain’s Music Ally in which he appeared to suggest musicians in the streaming age need to rely less on the “narrative fallacy” on royalties, and work harder. The entrepreneur also introduced “algotorial” to the world, a mashup of using editorial insights to gauge the human touch, and applying algorithms to blast those playlists into the right ears. Broken down into three key areas, the desired outcome of the meeting should be clear from the outset, and the various options and the roles should be clear ahead of time. They spend too much time in meetings.”Īnd he gave an analysis on what the ideal meeting looks like. “I don’t think most executives dedicate enough time to thinking. “I typically tackle one topic a day which takes a lot of my time,” he explained.
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