RealTime IT News

Loudeye Adds CTO to Aid in Distribution Initiatives

After announcing their entrance into the distribution market last week, Loudeye Technologies, Inc. today announced the appointment of Joel McConaughy to the newly created position of chief technology officer.

In the new position, McConaughy will be responsible for Loudeye's technology development and strategy.

According to John T. Baker, Loudeye chief executive officer, the new appointment is an important next step in Loudeye's development as they begin building technology products and services that address markets for digital content distribution.

"(McConaughy) joins Loudeye at a pivotal time as the music industry is seeking innovative technology solutions for their emerging digital business models," said Baker.

Previously, McConaughy was senior vice president of technology at Intertainer Inc., a digital entertainment distribution company. Intertainer was the first broadband network to offer major motion pictures on both the Internet and digital cable television.

Prior to that, McConaughy served as the chief technology officer of Digital Media Campus, a Los Angeles-based venture-backed firm focused on incubating and developing digital media companies. Earlier, McConaughy was a principal engineer at Informix where he led the initial deployments of multimedia database products and won the President's Star award for outstanding technical achievement.