Scott Ackerman, the long-time CEO of one of the world’s most successful DIY distribution platforms, TuneCore, is stepping down from the role.
New York-based Ackerman will vacate the CEO position on April 15.
He will stay on as a strategic advisor at the company, reporting to Denis Ladegaillerie – the CEO of TuneCore’s parent, Believe Group.
Ladegaillerie and his team at Believe are now searching for a new CEO of TuneCore.
Ackerman joined TuneCore as President and COO in 2010 and was promoted to CEO in 2012.
Prior to joining TuneCore, he held executive operations positions at eHarmony, Orbitz, US Airways and American Airlines.
Believe said in a statement that the decision to step down came from Ackerman himself.
Earlier this month, US-based merchant bank Raine Group forecast that the independent artist sector would generate in excess of $2bn in 2020.
Raine also forecast that, within this figure, ‘DIY’ artists – via distributors like TuneCore – would generate $1.22bn this year.
TuneCore was acquired by Believe Digital in 2015.
Midia Research recently calculated that self-releasing / DIY artists generated more than $2m a day last year, claiming a 4.1% market share in the global record industry.Music Business Worldwide