SMC Recordings Inc. Appoints David Newberg as Chief Financial Officer
San Francisco based SMC Recordings Inc. has announced industry veteran David Newberg as their new Chief Financial Officer. Newberg brings over twenty years of financial acumen from successful music and media properties including EMI/Priority Records, WMG/Rhino Entertainment, Live Universe, and maniaTV.
In addition to helping SMC Recordings explore additional revenue streams and partnerships, Newberg will oversee execution of the profitability and expansion strategy implemented by CEO Ralph Tashjian. “David brings experience on multiple levels to SMC, as we forge ahead to seize the current opportunities in our business. The financial expertise he possesses will greatly augment SMC’s future success,” said Tashjian.
David Newberg’s experience includes his time as VP of Finance at Rhino Entertainment, a subsidiary of Warner Music where he directed company accounting for all business units, maintaining revenue which grew to 500 million globally. He served as Chief Financial Officer of Live Universe Inc., a start up company that owns over 40 social/music media, websites, where he was responsible for directing all company accounting, finance, and human resource functions. Previous to that he was Chief Financial Officer of Delta Entertainment Corporation, a self-distributing mid-sized entertainment company that wholesales audio and video products.
SMC says its strong new media platform has positioned the company as a leading competitor in the market, continuing to expand in the ever-changing digital world. “The music industry has changed significantly, allowing indie labels the opportunity to reemerge and compete with the majors,” Newberg shared. “I wanted to join the SMC team because they have created such a smart and profitable business model. This is a company that has had a slew of major successes and is truly on the verge of exploding into the market. I see great things ahead and I am excited to be a part of it.”
