Industry Powerhouse and Former BMG President to Lead Company

NEW YORK – May 11, 2009 – TouchTunes Corporation, the largest interactive out-of-home entertainment network in North America, has named Charles Goldstuck as its new Chief Executive Officer.  The announcement was made by Bill Meder, Chairman of the Board, TouchTunes Corporation.  Mr. Goldstuck was formerly President and Chief Operating Officer, Bertelsmann Music Group (U.S.) (BMG).

TouchTunes offers interactive music, games and video entertainment as well as unique, measurable marketing and advertising capabilities across its network. Its expanding network of more than 38,000 locations delivered more than 700 million songs last year, with more than 1.7 million transactions recorded daily.

While at BMG, Mr. Goldstuck oversaw the business operations of the BMG Label Group including: the RCA Music Group (RCA Records, J Records, Arista Records), and the Zomba Label Group (Jive Records, LaFace Records and Verity Records).  The BMG Label Group is home to superstar artists Usher, Alicia Keys, Whitney Houston, Dave Matthews Band, Chris Daughtry, Foo Fighters, OutKast, Justin Timberlake, Chris Brown, Sarah McLachlan, Rod Stewart, and Avril Lavigne, among many others.

“Charles is a proven business leader in the multi-channel, multi-product environment, encompassing the fully-integrated distribution of music, digital marketing and entertainment,” said Mr. Meder.  “He has a clear, forward-thinking strategy for the company that we are confident is going to take TouchTunes to the next level.”

“TouchTunes is clearly a leader in digital interactive entertainment and is one of those rare media companies that are growing rapidly.  I look forward to building on their great success,” said Mr. Goldstuck.  “It is gratifying to have the opportunity to lead TouchTunes into the next phase of its growth as the company expands through marketing partnerships with the music industry, with advertisers, and with a growing installed customer base in the bar, restaurant and retail channels.”

Mr. Meder, who will continue as Chairman of the Board, said, “I couldn’t think of a better person than Charles to hand the reins to.  The company is poised to extend its leadership into new and exciting areas, and I will work with Charles to succeed in that next phase.”

Mr. Goldstuck began his career at music publisher Warner/Chapell Music in Los Angeles heading up the Latin American division.  He later joined Capitol Records where he rose to Executive Vice President.  Following that he moved to New York to be Executive Vice President/General Manager of Arista Records.  In 2000, Mr. Goldstuck left Arista with Clive Davis to form J Records, a joint venture with BMG, which was eventually merged with RCA Records to form the RCA Music Group.  In 2004, he was elevated into the role of President and COO of BMG (US).

He is a board member of various corporate entities, as well as the City of Hope Children’s Foundation and the Rock and Roll Hall of Fame Foundation. Mr. Goldstuck was educated at the University of the Witwatersrand, Johannesburg, South Africa. 

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About TouchTunes Corporation
TouchTunes Corporation is the largest out-of-home interactive entertainment network in North America.   TouchTunes provides entertainment and marketing solutions to more than 38,000 bars, restaurants, and retailers.  TouchTunes delivered more than 700 million songs in 2008 alone. Since TouchTunes introduced the world’s first digital downloading, pay-per-play jukebox in 1998, the network now offers a growing library of more than three million licensed music tracks; and plays more than 1.7 million songs every day. Barfly by TouchTunes delivers a unique, on-location interactive television experience with a screen-within-a-screen for scheduled programming, custom advertising and social networking opportunities.  PlayPorTT by TouchTunes is a rapidly expanding wireless tabletop system that plays music and games to enhance the in-restaurant dining experience, plus delivers promotional and interactive marketing features.  TouchTunes is a privately held U.S. corporation with offices in New York City, Lake Zurich, Illinois and Montreal, Canada.  For further information please visit www.touchtunes.com.

CONTACT
Jen Maguire
Maguire Public Relations, Inc./TouchTunes Corporation
212-366-1796 or Cette adresse email est protégée contre les robots des spammeurs, vous devez activer Javascript pour la voir.