Spotify Content Chief Exits to Online Video Startup

New York Times: Spotify is losing a top exec to Pluto TV, a startup in the fragmented and competitive world of online video. Ken Parks, Spotify’s chief content officer and one of its longest-serving execs, will become Pluto TV’s executive chairman in October. While Parks will resign his position at Spotify, he is to remain an adviser to Daniel Ek, Spotify’s chief executive. Compared with Spotify, the streaming service that has become one of the biggest and most influential companies in online music, Pluto TV is on the opposite end of the scale. The company began in Los Angeles just over a year ago and aims to be a free Internet television service, bundling content from various online video platforms like YouTube and Hulu.