U2 have appointed Sulinna Ong as a Management Partner, after more than seven years at Spotify, where she most recently served as Global Head of Editorial & Curation, Music
Parker's announcement of the move arrived less than 24 hours after Spotify and Universal Music Group unveiled landmark licensing agreements for AI-powered covers and remixes
A Spotify subscriber sued the company in November, claiming it deceives users by letting labels boost song visibility through reduced royalty payments.
UMG will sell half of its equity stake in Spotify and use the proceeds to help fund an expanded share buyback program totaling EUR €1 billion (USD $1.17bn)