Spotify is losing a top executive to Pluto TV, a start-up in the fragmented and competitive world of online video.
Ken Parks, Spotify’s chief content officer and one of its longest-serving executives, will become Pluto TV’s executive chairman in October, the online video start-up plans to announce on Wednesday. While Mr. Parks will resign his position at Spotify, he is to remain an adviser to Daniel Ek, Spotify’s chief executive.
Compared with Spotify, the streaming service that has become one of the biggest and most influential companies in online music, Pluto TV is on the opposite end of the start-up scale.
