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24-7 Entertainment founder steps down as CEO
By Chris Cooke | Published on Tuesday 24 February 2015
The founder and boss of 24-7 Entertainment, a long-standing back-end provider of digital music services, has announced he is leaving the firm to “pursue some new opportunities in the digital media business”.
In a note confirming his departure, Frank Taubert writes: “There is sadness, because it’s always a bittersweet moment when you have to let your ‘babies’ go, but there is also pride at the huge amount we achieved together at 24-7. Above all I am excited at being able to pursue full-time my interests, both in angel investing and consulting a portfolio of digital media companies”.
Taubert will continue to consult for Media-Saturn, which took control of his company in 2009. In his email, he lists some of the projects he has worked on while leading 24-7, one of the early players in providing digital music solutions, concluding with the company’s streaming platform JUKE, which he calls “the first streaming service to be targeted directly at a mainstream market rather than the hardcore music fan, a formula now operating in six territories”.
And as for the future of 24-7, he insists: “I am moving on at a time when 24-7 is on a high. We have now had three consecutive years of strong growth and in our fiscal year 2014, we achieved the highest revenue in our history. Our parent company is impressed with these developments and I am glad to report that my friend and colleague Erik Dibbern, formerly 24-7 CTO, has stepped up to be CEO. I am sure he will do a great job”.
