The executive team includes Mudd Cady, former CEO at D&M Holdings Inc.'s Rio and Marketing Vice President Jonathan Sasse, former CEO at iRiver America Inc., among other digital music company alumni.Ĭopyright ©2022 Dow Jones & Company, Inc.
The San Diego-based company was incubated in Sevin Rosen's Austin, Texas, office. Mac DeMarco While the immediate catchiness of Mac. Investors include Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures and Sevin Rosen Funds. Mac DeMarco attempts to trade slacker image for serious songwriter. Slacker has raised about $70 million since its founding in 2006. Thousands of new, high-quality pictures added every day. " Jim Cady has been, in many ways, operating the company," the investor, who sits on the board of directors, said. Find Slacker stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection. It's unclear what factors led to Mudd's decision to leave the management team at Slacker. Copyright Office to collect royalties from digital playback of music, agreed on a more manageable fee that allows broadcasters to turn a profit. Last month, Internet radio companies and SoundExchange, a non-profit group designated by the U.S. Sackler Gallery, the Smithsonians National Museum of Asian Art, are located on the National Mall in Washington, DC. However, Mudd's exit from Slacker comes at a strange time, considering the company and others like it just received a big win in that licensing fight. Online radio stations like Slacker simply couldn't support the enormous royalty fees being charged with advertising revenue. One of the major roadblocks has been a battle between online radio and copyright owners over licensing fees. It cost 23,000 to make and grossed 1.2 million, was nominated for an Independent Spirit Award and the Grand Jury Prize at. Suggested credit line: Library of Congress, Music Division.Mudd, a longtime digital music veteran, took over the company at the start, bringing several former employees of Musicmatch Inc., the company he headed and sold to Yahoo in 2004 for $165 million.īut making money in digital music these days has proven challenging. W hile the production and release of Slacker are surrounded by film legends, it speaks well of writer, producer and director Richard Linklater that neither he nor the film have been overwhelmed by them.
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