Becky Sebber has been named Chief Financial Officer at DIY music distributor TuneCore.
TuneCore is owned by Paris-headquartered Believe, and together the companies provide different levels of support for artists throughout their careers.
Sebber will report to Chief Operating Officer and Co-Head of TuneCore, Matt Barrington, and be based out of TuneCore’s Brooklyn headquarters.
At TuneCore, Sebber will have a nine-figure turnover business under her purview.
In recent filings related to its upcoming IPO in France, seen by MBW, Believe confirmed that TuneCore (‘Automated Solutions’) generated €364.9 million ($412.3m) in payments from digital music and social media platforms in 2020.
The entirety of this figure was then paid out to artists by TuneCore, which doesn’t take a commission out of artist royalties. (TuneCore’s model instead makes money from subscription payments from DIY acts, from which its consolidated revenues totalled €32.4 million, or $36.6m, in 2020.)
Becky Sebber moves to TuneCore from Conde Nast Entertainment, where she was Vice President of Operations and Strategic Planning, overseeing Finance, Operations and Strategy for Conde Nast’s TV, Film, and Digital Video division.
Sebber joined Conde Nast as VP of Finance and Planning in 2014.
Before Conde Nast, Sebber was Vice President of Finance for the video network Vevo.
She was a key member of the finance team that launched Vevo in 2009, having spent several years at Universal Music Group, first in Global Finance and later on the Global Digital Initiatives team where Vevo was created.
At TuneCore, Sebber will oversee all Financial Operations across the company’s central business units as well as its operations in 14 countries across 4 continents. She will work closely with TuneCore and Believe finance teams as the companies continue to leverage their relationship in order to maximize opportunities.
“Becky brings with her a wealth of knowledge.”
Matt Barrington said: “Becky brings with her a wealth of knowledge and a deep understanding of the technology and music worlds, exactly where TuneCore sits.
“Her experience speaks for itself and I’m looking forward to her leadership as the company grows.”
“TuneCore is one of the most exciting companies in the music industry right now.”
Becky Sebber said: “TuneCore is one of the most exciting companies in the music industry right now.
“The spirit of this company, its employees and its artists are truly inspirational and I’m excited to make an immediate meaningful contribution to TuneCore’s growth.”Music Business Worldwide