Maik Pallasch, Spotify‘s Head of Music in Germany, is leaving the music streaming company.
Pallasch announced the news in a LinkedIn post today (March 18), in which he wrote that he’ll be exiting the role at the end of the month.
Pallasch joined Spotify as Head of Shows & Editorial, Germany in 2017 and was promoted to Head of Music in 2018.
Prior to joining SPOT, he was Managing Director for BMG‘s operation across Germany, Switzerland and Austria (GSA).
He exited BMG after five years in December 2016.
Pallasch joined BMG as Vice President German Repertoire in October 2011.
His career has also included positions at Sony/ATV Germany, B162, Suction Records in Toronto and Motor Music / PolyGram Germany.
Pallasch’s departure from the music streaming company follows a year in which music streaming exploded in Germany.
In 2020, over 139 billion music streams were generated in the country, according to analysis released by GfK Entertainment and BVMI.
That figure was almost a third more than in 2019 (107 billion), and three quarters more than in 2018, when 79.5bn streams were recorded in the market.
Germany’s recorded music revenues grew 9% to $2 billion last year, thanks to streaming and in spite of the pandemic.
“I am happy to share that, after 3½ amazing years, I will be leaving Spotify at the end of this month. It has been an incredible journey.”
Writing in a post on LinkedIn today, Pallasch stated: “I am happy to share that, after 3½ amazing years, I will be leaving Spotify at the end of this month.
“It has been an incredible journey. Thank you so much to everyone – colleagues, artists & partners – who made it so worthwhile!
He added: “Spotify and our mission would not be possible without all the incredible artists on Spotify and without our partners – labels, distros, managements and agencies.
“Thank you so much for your creativity [and] hard work. It is truly inspiring. So many of you I would love to name here, but that would exceed the max. character limit.
“I am very much looking forward to what is next. Stay tuned and please feel free to get in touch!”Music Business Worldwide