The founder and CEO of music streaming service MOG has stepped down following the company’s recent acquisition by audio equipment brand, Beats.

A Beats representative told CNet: "Effective immediately, David Hyman will be stepping down from his role as CEO of MOG, but will continue working closely with the company as a strategic advisor."

Hyman posted online: "MOG... my child, it's been a long great journey. But like Sting said, 'If you love something, set it free.' You're in ...