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iococoi

Knob Twiddlers
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Posts posted by iococoi

  1. thats interesting. i was looking up this kobalt music group mentioned above...just recently they had a big merger/take-over going on.. with pending acquisitions in the planning

    Quote

    “We believe Kobalt is and should be the premier platform for independent creators, and we look forward to helping them achieve this both organically and inorganically,” he said. ‘Inorganically’ hints at an appetite for acquisitions in the months ahead.

    from

    https://musically.com/2022/09/08/investment-firm-francisco-partners-buys-controlling-stake-in-kobalt

    additional

    https://www.musicbusinessworldwide.com/kobalt-music-group-sold-to-us-based-private-equity-firm-francisco-partners/

     

    • Like 1
  2. Quote

    Tuesday, Jan. 9

    Tom Sansone has been named SoundCloud‘s new chief financial officer/chief operating officer, it was announced Tuesday by CEO Eliah Seton.

    “Tom is a proven global executive with a highly differentiated and relevant skill set that includes accelerating business transformation, establishing operational and financial discipline and executing strategic alternatives,” said Seton in a statement. “Now that we are a profitable growth company and in control of our own destiny, Tom will be a key partner in helping us realize SoundCloud’s unique opportunity and industry-changing vision.”

    Sansone brings more than 20 years of global financial and operational experience. For the last seven years, Sansone served as CFO of Kobalt Music Group where he was a key architect of the company’s restructuring and profitable growth and capital planning. Before that, Sansone was COO and CFO of Gilt Groupe.

    Sansone will now help drive the execution of SoundCloud’s operational rigor, corporate development, mergers and acquisitions, in addition to assuming responsibility for its financial performance and capital structuring. He will report directly to Seton.

    Added Sansone, “I am passionate about helping businesses realize their potential and am incredibly excited about the opportunities for SoundCloud. The evolution of the business has been exciting to see and the company remains one of the most trusted brands for creators and super fans of music discovery. I’m looking forward to working with an incredible leadership team and Board to execute on the strategy to empower artists and fans to share and connect through music and to build on our strong financial footing.”

     

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