Music knowledge and lyrics platform Musixmatch has appointed veteran music government Rio Caraeff as Chief Enterprise Officer.
On this position, Caraeff will oversee all industrial exercise throughout Musixmatch’s companies globally, and can, in accordance with the corporate, “outline and execute the corporate’s strategic progress plans”.
Caraeff will even be chargeable for managing and strengthening relationships with Musixmatch’s purchasers, companions, IP house owners, and different stakeholders.
Because the CEO of Vevo, Caraeff helped to develop the corporate into one of many world’s most outstanding music video and leisure platforms.
He has additionally served as Chief Business Officer at Syng, an early-stage spatial audio firm that creates {hardware} and software program merchandise, and Chief Content material Officer for Magic Leap.
Previous to Co-Founding Vevo in 2009, Caraeff spent greater than 20 years in know-how, technique, and new enterprise improvement throughout all areas of leisure.
Based in 2010, Musixmatch claims to have assembled the world’s largest lyrics catalog. With lyrical content material for hundreds of thousands of songs throughout over 80 languages, Musixmatch gives its metadata to DSPs together with Amazon Music, Apple Music, Google, Instagram, Spotify, and Tidal.
Musixmatch says that Caraeff joins the corporate “at a time of appreciable momentum”, together with his appointment arriving simply over a yr after Musixmatch secured what it says was a “significant investment” from TPG Development.
Musixmatch says that it has expanded geographically and onboarded multiple million artists since securing that funding, in addition to launching Musixmatch Pro, and a direct-to-artist SaaS product.
“With almost three a long time of expertise working on the intersection of music, media, and know-how, Rio brings to Musixmatch the data and relationships to assist speed up our progress.”
Max Ciociola, Musixmatch
Max Ciociola, Musixmatch Founder and CEO, mentioned: “With almost three a long time of expertise working on the intersection of music, media, and know-how, Rio brings to Musixmatch the data and relationships to assist speed up our progress.
“Rio is deeply captivated with all the music ecosystem and his power and pleasure about his work has enabled his success at a few of the most progressive and influential firms in our trade.
“I’m thrilled to welcome Rio to the Musixmatch crew and look ahead to partnering carefully as we proceed to empower songwriters and artists, whereas making a extra partaking and customized listening expertise for followers.”
“I couldn’t be extra excited to hitch and construct as there has by no means been a extra very important time than now to create alternatives for artists and additional our dedication in assist of creators.”
Rio Caraeff
Rio Caraeff added: “All through my life, my focus has at all times been on supporting artists & creators and that ethos completely aligns with Musixmatch’s mission.
“By way of the ability of its world neighborhood, gifted crew, and state-of-the-art know-how, Musixmatch has created one of many largest music datasets on this planet.
“I couldn’t be extra excited to hitch and construct as there has by no means been a extra very important time than now to create alternatives for artists and additional our dedication in assist of creators.”
“We’re happy to proceed our partnership with Max, Rio, and the spectacular crew at Musixmatch as we advance our shared objectives for the corporate.”
Jacqui Hawwa, TPG Development
Jacqui Hawwa, a Enterprise Unit Accomplice at TPG Development, mentioned: “Rio’s sturdy management monitor document and deep business-building experience at each start-ups and a few of the largest gamers within the music house will place him for achievement as he takes on the CBO position.
“We’re happy to proceed our partnership with Max, Rio, and the spectacular crew at Musixmatch as we advance our shared objectives for the corporate.”
