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.
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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)