Spotify has confirmed that its global head of content, Steve Savoca, will leave the company at the end of next month.

He has been at the steaming music service since 2011, having previously headed up the digital side of UK independent label Domino. He is, for now, not saying where he is moving to (“I will let you know where I am going as soon as I can,” runs his statement) and Spotify has yet to confirm his replacement. The departure of such a senior figure at the company will have many trying to read the runes, especially in light of the recent report from Bloomberg that the Spotify IPO could finally happen at the end of 2017. A year ago, Spotify was by far the biggest player in subscription streaming, but the arrival of Apple Music, and the fact that it got to 15m subscribers within 12 months, has significantly raised the bar in this sector. Of course, one executive alone cannot make or break a service, but Savoca’s departure at this pivotal time in Spotify’s development will be picked apart for clues by a music industry that still loves a scuttlebutt.

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