If Spotify’s announcement that co-founder and CEO Daniel Ek is stepping down and naming his successors looks familiar, it’s because Netflix did the exact same thing nearly three years ago. And just as Netflix thrived in its post-Reed Hastings years, Spotify is well situated for its post-Ek era, according to experts.

On Jan. 19, 2023, Netflix co-founder and CEO Reed Hastings announced his transition to executive chairman and the appointment of co-CEOs Ted Sarandos and Greg Peters. The new leaders had been prepared for their new roles. In the two and a half years before Netflix’s announcement, Hastings had delegated more responsibilities to Sarandos and Peters, who had each been with Netflix for 15 years. The move to executive chairman, Hastings noted in a blog post, had been taken by Micro

See Full Page