Audius Hires Chief Business Officer to Strengthen Relationships with the Music Industry

03/02/2023 14:10 • AI & Tech Insights • 109 views

On March 2, the decentralized music platform Audius appointed Shamal Ranasinghe as the chief business officer. Shamal Ranasinghe will oversee the relationship between the company and the music industry, play a leading role in innovation, and develop reports, analysis and other tools to help artists, record companies and rights holders succeed.

The decentralized music platform Audius appointed Shamal Ranasinghe as the chief business officer

Interpretation of the news:

Audius, the decentralized music platform, has appointed Shamal Ranasinghe as its chief business officer to strengthen its relationships with the music industry. This move demonstrates Audius’ commitment to providing cutting-edge tools and solutions that benefit both artists, record companies, and rights holders.

With over two decades in the media and entertainment industry, Ranasinghe has a deep understanding of the challenges facing the music industry today. His role at Audius will involve overseeing the relationship between the company and the music industry, ensuring that Audius stays up-to-date with the latest trends and best practices.

One of the key responsibilities of Ranasinghe will be to drive innovation within Audius. As the music industry undergoes its own transformation, with streaming services emerging as the dominant player, it is imperative that Audius stays ahead of the curve. Ranasinghe will be responsible for developing new tools and features that meet the needs of artists and other industry stakeholders.

Another critical aspect of Ranasinghe’s role will be to develop reports, analysis, and other tools that aid artists, record companies, and rights holders in understanding and leveraging the Audius platform fully. This level of data insight will be invaluable in helping artists and record labels understand the content that resonates with their fans, making it easier to create music that meets their expectations.

Audius has already gained significant traction since its launch in 2019, with the company recently raising $5 million in funding in a recent round. The addition of Shamal Ranasinghe to the team will undoubtedly strengthen Audius’ position within the industry and help drive innovation and development forward.

In conclusion, the appointment of Shamal Ranasinghe as Chief Business Officer at Audius is a significant move that signals the company’s commitment to innovation and industry relations. It is an exciting development for the decentralized music platform and the music industry as a whole. Audius appears to be well-positioned to continue to grow, and we can expect to see more exciting developments from the company in the coming months and years.

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