Former Spotify Head of Music Nick Holmstén Shares His Next Move: Exclusive

Tatiana Crisano - Billboard

Nov 19, 2020

The executive is teaming with Fortress Investment Group to launch the brand-new entertainment company TSX Entertainment, a "playground for artists" which will revolve around a multi-billion-dollar…

Alittle over a year since leaving his post as Spotify’s global head of music, Nick Holmstén has revealed his next move. The executive tells Billboard that he is teaming with Fortress Investment Group to launch the brand-new entertainment company TSX Entertainment, a “playground for artists” which will revolve around a multi-billion-dollar development with a street-facing stage and retail space in Times Square.

The company is operational now, and pending coronavirus-related restrictions, Holmstén plans to open the development to the public in 2022. There, artists will be able to perform concerts, sell merchandise, meet fans and create other experiences around new releases, while Holmstén says a digital component will “amplify that moment globally.”

“This is a vision of Disneyland for music meets Las Vegas,” he says.