Michael Downing, President/CEO of online music locker Musicbank, will leave his posts to serve in an untitled role that will focus on partnerships and long-term strategy.
According to numerous published reports Monday (3/5), Downing will remain at the company's helm until a replacement is named.
The troubled netco laid off 29% of its workforce last month (hitsdailydouble.com, 2/26), and this executive shuffle does not bode well for the service, which has yet to launch its long-planned restructured business model.
DANIEL NIGRO:
CRACKING THE CODE The co-writer-producer of the moment, in his own words (12/12a)
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NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
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