Robb McDaniels has been named CEO of Beatport. The new role for the media and technology entrepreneur was announced by Beatport’s parent company, LiveStyle.
The founder and former CEO of INgrooves will focus on strengthening the company's position as a leading online music store for DJs and the global dance music community.
LiveStyle president/CEO Randy Phillips said: “Beatport is in a period of resurgent growth and has recently returned to profitability. We are excited to have Robb take the reins of Beatport during this time and look forward to his innovative leadership to continue Beatport’s upward user trends, including the company’s increased visitors, users, and track sales.”
Chuck Ciongoli, EVP/CFO of LiveStyle, added: “We are proud to welcome Robb to the LiveStyle family. I’ve known Robb for many years, since a previous investment in INgrooves while at Universal Music Group. He is an extremely capable and dynamic senior executive who will help Beatport continue to grow as the DJ destination of the future.”
McDaniels commented: "I have known Beatport since its birth in 2004 as the preeminent DJ download store in the world. Ever since they easily convinced me to sign up INgrooves as a content partner, I have worked closely with many of the talented executives and passionate employees at the company. I know that Beatport, in partnership with its parent company LiveStyle, has the ingredients to dramatically increase the positive impact it can have on the dance and DJ community. We are looking forward to reigniting both innovation and value creation for our partners and customers at Beatport in 2018 and beyond.”
LiveStyle said Beatport’s registered users, visitors and track sales have grown significantly over 2016.
McDaniels recently served as a venture partner for Dubai-based investment company TechInvest. In early 2016, he launched Faction Entertainment, a technology-enabled management services business with a client list including Thievery Corporation, Bonnie McKee, Slightly Stoopid, Youngblood Hawke, Jamestown Revival, and Phantoms.
While serving as Beatport CEO, McDaniels will continue to serve as venture advisor at TechInvest and executive chairman at Faction, which will be expanding its presence with the dance & electronic community.