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 good hands at Beats. I'm looking forward to my first real break since 1994. Nepal? Kauai? Taking a year off. Do not disturb."
Beats declared it had ‘big plans’ for MOG during a recent product launch and revealed it had hired Nine Inch Nails' Trent Reznor in a consultancy role.