The World’s Largest Music Distributor, TuneCore, Announces New Board of Directors Member

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Art Shaw Joins TuneCore as Newest Addition to Board of Directors

NEW YORK, January 2, 2012TuneCore, the largest music distributor and one of the highest revenue-generating music catalogs in the world, announced today the addition of Art Shaw to its Board of Directors.

“I’m delighted to have Art Shaw join the TuneCore team,” says Scott Ackerman, COO of TuneCore. “Art’s impressive track record in building successful online enterprises compliments the expertise of our board members in the areas of finance, music, and publishing administration. I am confident that Art will bring a fresh perspective and viewpoint.”

Shaw was an early pioneer in transforming businesses by bringing them onto the internet.  After coming to the West Coast to go to Stanford Business School, Shaw spent several years at McKinsey and left to launch and run the Strategic Planning Group at Charles Schwab.  Shaw changed roles at Schwab in 1995 to help launch www.schwab.com which defined financial services online and grew to a $1 billion business.  Since that time, Shaw has amassed considerable experience running online businesses.  He ran myCFO and sold it to Harris Bank after achieving the #1 rating from Bloomberg Wealth Manager for two consecutive years. Thereafter, Shaw was CEO of Connexus, an online advertising company that helped companies reach their target audiences through display, search and social.  Currently Shaw is helping bring the auto repair business online as CEO of RepairPal www.RepairPal.com.

Shaw holds a BA, magna cum laude, in Mathematical Economics from Brown University where he was elected Phi Beta Kappa, as well as an MBA from Stanford University. He was also selected as a Henry R. Luce Scholar and spent a year in Thailand working on Public Policy.

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About TuneCore

TuneCore (http://tunecore.com) is the largest music distributor and has one of the highest revenue-generating music catalogs in the world. Since its launch in 2006, over 1.7 billion TuneCore Artist units have been downloaded or streamed, which translates to over $250 million in revenue earned by TuneCore Artists.

For a simple flat fee, TuneCore distributes artists’ music to iTunes, Spotify, Rdio, Google Play, eMusic, AmazonMP3, Deezer, Simfy and many other major download and streaming sites while taking no rights and no revenue from the sale of the music. TuneCore has more than 849,000 artist and label account holders, ranging from indie artists to high-profile performers including Nine Inch Nails, Drake, The Civil Wars, Sonic Youth, Beck, Jay-Z, Aretha Franklin, Keith Richards, Blood On The Dance Floor, Public Enemy, Willie Nelson, They Might Be Giants, Donna Summer, MGM Studios, Moby, Girl Talk & Brian Eno. TuneCore expanded its business internationally by launching TuneCore Canada in 2011 and TuneCore Japan in 2012. TuneCore Music Publishing Administration was introduced in 2011.