Last month, Spotify announced that it was creating 1,000 new jobs in New York. The streamer wants the labels to accept a drop from a 55% revenue share to 52% or even 51%. The Spotify negotiations, however, continue to drag on. Since Spotify has been out of long term deals with the major labels (and Merlin), these parties have collectively managed to sign new streaming licensing agreements with SoundCloud, Pandora, iHeartRadio and Amazon.
Savoca, another popular figure amongst rights-holders, recently joined Apple Music to head up its New York office in a label relations role.įollowing Keeling and Hansson’s exit, ultimate responsibility for licensing is now expected to rest with Horacio Gutierrez, Spotify’s General Counsel in New York. They have included Chief Revenue Officer Jeff Levick, content chief Ken Parks, EMEA sales boss Jonathan Forster and label relations head Steve Savoca. Hansson and Keeling are the latest high-profile executives to exit Spotify in a year that – amid strained music business licensing negotiations – has seen a string of senior departures. Negotiating with Petra always meant you were negotiating with a grown-up.”
“Spotify has lost one of its standout executives. One senior source at a major music company told MBW today: “Spotify has lost one of its standout executives. That was a year before Spotify officially launched, when it was operating out of a two-bedroom flat in Stockholm, led by Daniel Ek. She was headhunted from leading Swedish law firm Mannheimer Swartling in 2007. One of the most senior legal figures at Spotify worldwide, Hansson has worked at the business’s Stockholm HQ for a decade. Subsequent to breaking the news that global licensing head Francis Keeling was out at Spotify, MBW has now been told that one of Spotify‘s longest-serving executives, Petra Hansson, has quit the company.
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