TuneCore, one of many world’s largest DIY music distribution platforms, has promoted Andreea Gleeson to the place of CEO.
Gleeson is the primary CEO of TuneCore since Scott Ackerman, who exited the position in April final 12 months.
Within the wake of Ackerman’s departure, New York-based Gleeson and her colleague, Matt Barrington, had been collectively promoted to co-heads of TuneCore.
Now, with Gleeson upped into the vacant CEO position, Barrington maintains his place as TuneCore’s Chief Working Officer (COO).
Within the 12 months of 2020, in response to Consider monetary paperwork, TuneCore collected – after which paid out to indie artists – roughly €365 million ($412 million) in royalties and different associated earnings.
TuneCore distributes 100% of the royalty cash it collects to artists; its backside line is reliant on subscriptions paid by its members, which amounted to €32.4 million (approx $37 million) in consolidated revenues final 12 months.
In accordance with Midia Analysis, DIY artists importing their music by way of the likes of TuneCore, DistroKid and SoundCloud generated $1.2 billion globally final 12 months – the primary time this sector has collectively damaged the billion-dollar annual milestone.
This DIY/“artists direct” sector noticed a 34.1% progress in annual revenues in 2020, says Midia. (Be careful for TuneCore, beneath its new CEO Gleeson, to smash previous the $500 million annual gross income marker in 2021.)
Gleeson, who steps up from her prior position as Chief Income Officer at TuneCore, will report back to Consider CEO, Denis Ladegaillerie, in her new position.
“This promotion acknowledges Andreea’s management expertise, experience throughout product, know-how, and advertising, in addition to her eager understanding of artist and label wants throughout a interval of accelerated progress within the impartial music market.”
Denis Ladegaillerie, Consider
Acknowledged Ladegaillerie, “When Andreea joined TuneCore 5 years in the past, she introduced together with her a contemporary perspective and proceeded to problem music business norms whereas persevering with to innovate and construct the corporate. This promotion acknowledges her management expertise, experience throughout product, know-how, and advertising, in addition to her eager understanding of artist and label wants throughout a interval of accelerated progress within the impartial music market.
“Andreea’s elevation to CEO additionally underscores Consider’s dedication to gender parity and empowering feminine leaders. I’m thrilled that she’s going to lead TuneCore, as we form the way forward for music around the globe to finest serve and develop impartial artists.”
“I’m impressed every day by the gifted artists and business main workforce who make TuneCore essentially the most progressive and ahead considering impartial digital music distributor on this planet.”
Andreea Gleeson, TuneCore
Commented Gleeson: “I’m impressed every day by the gifted artists and business main workforce who make TuneCore essentially the most progressive and ahead considering impartial digital music distributor on this planet. I actually consider in our mission – in keeping with our mum or dad firm Consider – to serve artists at each stage of growth and can proceed to construct TuneCore to be the vacation spot the place artists can begin, develop and handle their careers, whereas working to stage the taking part in subject for all impartial artists.”
Underneath her management, TuneCore has expanded to function in 14 nations throughout 4 continents. Within the first half of 2021 alone, TuneCore launched new workplaces in Brazil, Russia, Africa and Southeast Asia.
Earlier this 12 months, Gleeson created and launched TuneCore Rewards and TuneCore Licensed – two artist training and recognition packages which purpose to “stage the taking part in subject” for impartial artists.
Gleeson got here to TuneCore after rising Hudson Bay and Lord & Taylor’s eCommerce enterprise from the bottom up, which ultimately surpassed the gross sales volumes of the retail giants’ flagship shops.
She obtained her Bachelor of Enterprise Administration from Tempo College.Music Enterprise Worldwide