TuneCore, one of the world’s largest DIY music distribution platforms, has promoted Andreea Gleeson to CEO.
Gleeson is TuneCore’s first CEO since Scott Ackerman, who stepped down in April of last year.
Following Ackerman’s departure, New York-based Gleeson and his colleague, Matt Barrington, were jointly promoted to co-managers of TuneCore.
Now, with Gleeson in the vacant CEO position, Barrington retains his position as Chief Operating Officer (COO) of TuneCore.
TuneCore has been owned by Believe, headquartered in Paris, since 2015, the same year Gleeson joined the company as head of marketing.
In the 12 months of 2020, according to Believe’s financial records, TuneCore raised – and then paid out to independent artists – around 365 million euros ($ 412 million) in royalties and other related income.
TuneCore distributes 100% of the royalty money it collects to artists; its bottom line is based on membership fees paid by its members, which amounted to 32.4 million euros (approximately $ 37 million) in consolidated revenue last year.
According to Midia Research, DIY artists downloading their music through TuneCore, DistroKid and SoundCloud generated $ 1.2 billion globally last year – the first time this industry has collectively passed the annual billion dollar mark.
This DIY / âdirect artistâ sector experienced 34.1% growth in annual turnover in 2020, says Midia. (Watch out for TuneCore, under the leadership of its new CEO Gleeson, to surpass the $ 500 million annual gross revenue milestone in 2021.)
Gleeson, who is stepping down from his previous role as Chief Revenue Officer at TuneCore, will report to Believe CEO Denis Ladegaillerie in his new role.
“This promotion recognizes Andreea’s leadership skills, product, technology and marketing expertise, as well as her deep understanding of the needs of artists and labels during a period of accelerated growth in the independent music market. . “
Denis Ladegaillerie, Believe
Ladegaillerie said: âWhen Andreea joined TuneCore five years ago, she brought with her a new perspective and challenged the standards of the music industry while continuing to innovate and build the business. This promotion recognizes his leadership skills, product, technology and marketing expertise, as well as his in-depth understanding of the needs of artists and labels during a period of accelerated growth in the independent music market.
âAndreea’s rise to CEO also underscores Believe’s commitment to gender equality and the empowerment of women leaders. I am delighted that she is leading TuneCore, as we shape the future of music around the world to better serve and develop independent artists.
“I am inspired daily by the talented artists and industry-leading team who make TuneCore the world’s most innovative and forward-thinking independent digital music distributor.”
Andreea Gleeson, TuneCore
Gleeson commented, âI am inspired daily by the talented artists and industry-leading team that make TuneCore the world’s most innovative and forward-thinking independent digital music distributor. I truly believe in our mission – along with our parent company Believe – to serve artists at every stage of their development and will continue to make TuneCore the destination where artists can start, grow and manage their careers, all while working at level the field game for all independent artists.
Over the past year, Gleeson has led key strategic partnerships with YouTube (YouTube Shorts), Facebook (Independent Artist Program) and Spotify (Discovery Mode) at TuneCore.
Under his leadership, TuneCore has grown to operate in 14 countries on four continents. In the first half of 2021 alone, TuneCore opened new offices in Brazil, Russia, Africa and Southeast Asia.
Earlier this year, Gleeson created and launched TuneCore Rewards and TuneCore Certified – two artist education and recognition programs that aim to “level the playing field” for independent artists.
Gleeson came to TuneCore after growing the Hudson’s Bay and Lord & Taylor e-commerce businesses from scratch, which ultimately outpaced the sales volumes of the flagship stores of the retail giants.
She received her Bachelor of Business Administration from Pace University.Music trade around the world