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News from Music Business Worldwide
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Top Music Business Worldwide News
Spotify · SwedenLONDON (AP) — Spotify said Tuesday that founder Daniel Ek is stepping down as CEO to become the executive chairman, in an announcement that sent its shares sliding in premarket trading. The Stockholm-based streaming giant said Ek will be replaced by two lieutenants who will become co-CEOs: Chief Product and Technology Officer Gustav Söderström and Chief Business Officer Alex Norström. The pair, who are also currently copresidents, will transitio…See the Story
Daniel Ek to Step Aside as Spotify CEO to Become Executive Chairman
45% Center coverage: 85 sources
Sam Altman(Reuters) -Universal Music and Warner Music are nearing landmark artificial intelligence licensing deals, the Financial Times reported on Thursday, citing people familiar with the matter. Universal and Warner could each strike deals with AI companies within weeks, the newspaper said. Talks involved start-ups such as ElevenLabs, Stability AI, Suno, Udio and Klay Vision, the report said, adding that the music companies are also in talks with large…See the Story
Universal Music, Warner Music nearing AI licensing deals, FT reports
34% Center coverage: 6 sources
