SAN FRANCISCO, CA – Robb McDaniels, Founder and Chief Executive Officer of INgrooves Music Group, the leading global music distribution and marketing company, will resign from his post by year’s end, the Company announced today. McDaniels founded INgrooves’s parent company, Isolation Network, Inc., in 2001 and also oversaw the launch of the Company’s eBook division, INscribe Digital, and its enterprise software unit, IN Enterprise Solutions, which manages the digital supply chain for Universal Music Group.
“Over the past 13 years, I have led the expansion of Isolation Network into one of the most forward thinking media distribution, marketing and technology companies in the world, with more than 175 employees in 5 global offices,” said Mr. McDaniels. “But I am an entrepreneur at heart and with the Company in the capable hands of an exceptionally strong executive team; the time has come for me to move on to the next chapter in my life.”
“Robb is a rare visionary in the digital media industry, and we want to thank him for his tireless years of leadership building Isolation Network into one of the largest independently owned media distribution companies” said Jay Boberg, the Company’s Executive Chairman. “We are confident that the executive team Robb has assembled will continue to deliver for our partners around the world.”
INgrooves Co-Founder and General Counsel, Matt Burns, has been named to the position of interim CEO while the executive search is conducted. He will lead an executive team comprised of Chief Financial Officer, Ben Cary, and Chief Operating Officer, Vinnie Freda.
Mr. Boberg, who has been the Company’s Chairman since 2010, has been appointed Executive Chairman, will serve on the Executive Committee and will take a more active role in the Company’s strategic operations.
Founded in 2001 by Mr. McDaniels as a means to distribute popular European dance and electronic music recordings to the U.S. market, INgrooves has grown into the largest independently owned distribution and marketing company in the world, managing over 4 million songs for thousands of artists and labels. As a technology first company, they developed an early understanding of, and relationships with, the myriad of developing digital retail outlets in the evolving global marketplace, becoming a powerful tool for their clients to efficiently monetize their assets.
In 2008, Universal Music Group (UMG), the largest record company in the world, tapped Isolation Network, Inc. to manage their digital supply chain and digitally distribute all of their music in North America, via Isolation Network’s proprietary digital distribution platform.
In 2010, Shamrock Capital made a significant investment in the Company, which enabled INgrooves to acquire Fontana Distribution from UMG, adding more than 200 labels to the Company’s roster in North America and giving them a strong physical distribution service to offer clients alongside their world-class digital platform.
INgrooves Music Group is now a leading independent global distribution & marketing company, comprised of its Distribution Services, INresidence Artist Services, and Rights Services divisions. While INgrooves continues to set the industry standard as a forward thinking music distribution and marketing operation, INscribe Digital has signed more than 30,000 titles, becoming a major player in the independent eBook sector.