Rumblefish founder Paul Anthony Troiano is to resign as president and CEO of the company.
He will remain as an active advisor to the company, which was acquired by SESAC in 2013.
Rumblefish’s content ID administration, micro-licensing and RADKey services will continue uninterrupted for its hundreds of clients and hundreds of thousands of content providers.
Troiano founded the company in his dorm room at the University of Oregon and invented what is billed as the world’s first self-reporting license verification technology, RADKey, before being acquired by SESAC. The current management team will take over day-to-day operations of the company.
Said Troiano, commenting on his resignation plans: “I’m extremely proud of what the Rumblefish team and I have accomplished for artists over the years, paying out tens of millions of dollars in micro-licensing royalties and to have played a part in building the world’s first true 'MRO' (Music Rights Organization), combining SESAC, HFA and Rumblefish under one roof.
"Rumblefish remains dedicated to innovation and fairly compensating artists for their music and will continue to do so through this period of rapid growth and into the future. I admire, respect and have high hopes for the amazing team of people succeeding me at the company. This has been an experience of a lifetime and was made possible by the many, many artists who believe in us and know that we genuinely care about them and their music…music that it was my honor to have represented.”