MusicMatch, which makes programs for creating and organizing digital music, says its music subscription service has reached 120,000 subscribers and that the company is cash-flow positive. San Diego, Calif.-based MusicMatch said its revenue is generated from music subscriptions, software sales and advertising. The company's music service, dubbed MusicMatch Radio MX, lets members create personal stations based on artists and listen to programmed stations.
MusicMatch added it has hired Peter Csathy as president and chief operating officer. The company said it did not have a COO prior to the appointment and that Chief Executive Dennis Mudd was serving as president. MusicMatch said Csathy will be responsible for the company's business development, sales, legal and finance activities. Csathy previously worked as COO of streaming technology company eNow and has held executive positions with Universal Studios, Savoy Pictures Entertainment and New Line Cinema.
Discuss: MusicMatch appoints new COO
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