By Haley Velasco

Ted Sarandos, Netflix Inc. Chief Content Officer, will join Spotify Ltd.’s board to oversee the world’s largest paid music-streaming service.

As Spotify prepares to go public next year, Sarandos, who oversees production and acquisition of programming, will join the group which includes chairman and co-founder Martin Lorentzon, Sean Parker, the co-founder of Napster, and others.

In 2015, the company raised a $526m round of funding with leads that include TeliaSonera AB, Goldman Sachs via its Global Private Opportunity Partners fund and British, as well as Canadian, hedge funds. In the same year, Spotify named ex-Netflix CFO Barry McCarthy as the chief financial Read full story ›

Source: The Drum