Jeff Price ankles TuneCore

Exec was founder and CEO of the digital music distrib

Jeff Price, the pugnacious founder and CEO of digital music distributor TuneCore, has ankled the company along with co-founder Peter Wells.

Price confirmed his exit to Variety on Thursday night, saying he was “no longer an employee, executive or board member” at TuneCore, but adding that he retains a share in the company. Citing confidentiality agreements, Price was unable to comment on the specifics of his departure.

A former indie label owner and eMusic exec, Price founded TuneCore in 2006 along with Wells and Gary Burke. Offering a unique model, the company distributed albums and singles across iTunes, Amazon and (later) Spotify for a flat fee, without extracting royalties or claiming rights to any material. It attracted a wide array of clients, ranging from hobbyists to the likes of Drake, Aretha Franklin, the Civil Wars and Nine Inch Nails. In 2011, TuneCore bowed a publishing administration service as well.

Price recently claimed that TuneCore-distributed artists have sold more than 610 million units of digital music to date, grossing around $310 million in total sales.

An outspoken chief executive, Price was known for engaging in heated philosophical skirmishes at industry conferences and waged a fierce battle with Amazon over royalties earlier this year.

Price did not comment on his future plans, though he reiterated his commitment to the “service-oriented” model of TuneCore, saying “anything that’s built on a gatekeeper model is bound to be circumvented. … The path to success is transparency.”

Billboard initially reported Price’s departure on Wednesday night, and Price later confirmed both exits in a blog post.

Perhaps coincidentally, streaming service Rdio announced on Thursday morning that it would begin streaming TuneCore-distributed content.

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