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Spotify's global head of creator services stepping down

Spotify Technology SA's Troy Carter is leaving the company, Variety reported, citing a statement from Spotify CEO Daniel Ek.

Carter, the streaming giant's global head of creator services and also the entertainment adviser to the $300 million Prince estate, will stay on until early September, after which he will move into an advisory role at Spotify.

The news comes shortly after the Prince estate struck a licensing deal with Sony Music Entertainment Inc. in June. It remains unclear as to whether Carter will retain his position at the estate, the report said.