From Music Business Worldwide · · 1m 40s
beatBread Adds Meta and Suno Execs to Advisory Board
beatBread appoints Meta and Suno executives to guide its growth in independent music financing.
In brief
beatBread appoints Meta and Suno executives to guide its growth in independent music financing. beatBread forms advisory board with Meta and Suno executives to support independent artists' financial tools. Originally reported by Music Business Worldwide.
beatBread forms advisory board
Music funding platform beatBread has formed an advisory board of five senior executives from the music, technology, and finance industries.
“Independent artists, songwriters and music companies are building increasingly sophisticated businesses, but the financial tools available to them haven’t always kept pace.”
Board members include Meta and Suno executives
The board, announced on Thursday (November 12), will advise CEO Andreea Gleeson and beatBread’s executive leadership team on long-term strategy, product development, market positioning, and go-to-market priorities.
Board members: Scott Sellwood
Scott Sellwood, Director of Music Business Development at Meta, co-founded content rights management platform Source3, which Facebook acquired in 2017.
“Technology has opened up opportunities for artists and music companies that simply didn’t exist a decade ago, and fundamentally changed how music is created, distributed and monetized.”
Board members: Johan Ahlström
Johan Ahlström, co-founder and former CEO of Kobalt Capital, led sales of its two funds for a combined total of around USD $1.4 billion.
“Most of that money has gone to large catalogs, however, and independent artists and smaller rights holders have found it much more difficult accessing the same investment capital to fund their growth.”
Board members: Oana Ruxandra
Oana Ruxandra, Founder and CEO of PopHatch and former Chief Digital Officer at Warner Music Group, spent 15 years at Warner Music Group and Universal Music Group.
“Artists get capital to invest in their own growth and keep ownership and control of what they’ve built.”
Board members: Jeremy Sirota
Jeremy Sirota, Chief Commercial Officer at Suno and former CEO of Merlin, leads AI music company Suno and digital licensing partner for independent labels.
“Independent music has become one of the most dynamic forces in the industry, thanks to improved access to technology, distribution and global audiences.”
Board members: Adam Parness
Adam Parness, former Global Head of Music Publishing at Spotify, previously led Amazon’s global music publishing work during Prime Music launch.
“There is a real opportunity to rethink how we recognize the value of music and give creators more options to invest in their careers and businesses.”
beatBread’s growth and funding
Since launching in 2020, beatBread has funded more than 2,000 clients across six continents, with deals ranging from $1,000 to more than $10 million.
What it means
beatBread forms advisory board with Meta and Suno executives to support independent artists' financial tools.
