Baboom, a new online music streaming service associated with Internet mogul and Mega founder Kim Dotcom, has tapped music business veteran Tony Smith as chief financial officer.
With more than 26 years of experience in the industry, Smith has enjoyed past stints with Polygram, Zomba, BMG Music and BMG Publishing. Most recently, he spent four years with Sony as director of finance for Australia and New Zealand.
"Baboom has assembled an extremely talented and experienced team and I am very excited about the opportunity to join them and contribute to the vision and success of the company,” Smith said in a statement.
As previously reported, Baboom is seeking to raise AUS$4.5 million ($4.212 million) to fund its start up, with the aim of listing on the Australian Stock Exchange by the end of 2014.
Baboom, based in New Zealand with its technology development being done in Portugal, intends to compete against services including Spotify, Pandora and Rdio.
The company was soft launched by Dotcom in January and plans to launch a beta service in the third quarter of 2014, with a full launch slated for later this year.