Bob Roback is leaving his role as CEO of Ingrooves Music Group seven decades soon after signing up for the distribution and solutions business, MBW can reveal.
In that time, Roback has led Ingrooves by way of important revenue development, as well as world enlargement into territories which include Australia, Brazil, Japan, India, South Africa, and Spain.
A person defining instant for Roback’s tenure as Ingrooves boss was the sale of the Los Angeles-headquartered enterprise to Common Tunes Team in 2019. (UMG was earlier a minority shareholder in Ingrooves.)
In a memo despatched to his employees this week and received by MBW, Roback reported: “[There] is no uncomplicated way to say that the time has appear for me to go the Ingrooves CEO torch and pursue new challenges. The same entrepreneurial spirit that introduced me to Ingrooves is now drawing me to a new path.”
Additional Roback: “I have no doubt that Ingrooves will carry on to do well and innovate beyond anticipations. I am happy of our crew and grateful for all of the contributions you have every designed.”
“[There] is no easy way to say that the time has occur for me to pass the Ingrooves CEO torch and pursue new troubles. The similar entrepreneurial spirit that introduced me to Ingrooves is now drawing me to a new route.”
Roback confirmed that as he transitions out of the CEO place in the months ahead, Ingrooves’ CFO, Jeff Cuatto, will head up an interim leadership staff.
Roback mentioned in his memo: “UMG is conducting an executive research for my replacement and continues to be fully commited to Ingrooves, our mission, and our global group.”
Roback thanked Universal New music Group’s Chairman/CEO, Sir Lucian Grainge, as nicely as UMG’s EVP/CFO, Boyd Muir, for exhibiting “tremendous help of our world-wide mission to operate with the ideal unbiased labels and artists in the earth and to go after unprecedented innovation in harnessing info and AI to pioneer new marketing and advertising methods”.
Underneath Roback’s leadership, Ingrooves – which is effective with impartial labels and artists – has made considerable investments in proprietary technological innovation.
Two many years back, the corporation was granted a US patent for AI-driven promoting tech.
This 12 months, it won a further patent for marketing tech that it developed in-dwelling Ingrooves statements this tech “improves on [our] potential to find and produce substantial-value streaming audiences”.
Stated Roback in his memo to staff this 7 days: “When I joined Ingrooves as your CEO in 2015, I was energized to make a differentiated, strategic progress spouse for independent labels and artists. The field obstacle then (and now) was for artists and labels to effectively and successfully expend their time and money to crack by means of the ocean of out there content material and make lasting audiences.
“As a tunes and technology entrepreneur, I was drawn to this prospect for Ingrooves to innovate and turn into the field leader in providing authentic value to a fast growing current market.
“Our stellar monetary results, client foundation, and system engagement metrics validate our strategy, and I am really happy of our operate jointly.”
“Over approximately 7 several years, we have attained so a great deal. We built early, substantial investments into data science, and built a entire world-class crew of authorities in all departments throughout the group. Our acquisition by UMG in 2019 enabled us to ramp up our tempo of world-wide growth and accelerate our generation of pioneering advertising and marketing strategies to help our labels and artists become even far more productive.
“Our stellar money final results, consumer foundation, and system engagement metrics validate our strategy, and I am exceptionally very pleased of our operate alongside one another.”
Prior to signing up for Ingrooves / Isolation Community in 2015, Bob Roback was President of Fender Musical Instruments Corporation.
A serial entrepreneur, in 1994, Roback established Launch Media with Dave Goldberg – just one of the world’s first electronic tunes enterprises. The corporation was acquired by Yahoo! Inc. in 2001.
As component of the sale, Roback turned Head of Tunes at Yahoo!, overseeing its global songs functions right until 2007.
Soon after Yahoo! he became Co-Founder and CEO of Dashbox, a workflow management process and market for audio licensing. Dashbox was obtained by FilmTrack in 2014.Tunes Organization Globally