TuneCore Paid $36 Million To Indie Musicians In First 3 Months Of 2015
Earlier this month, Believe Digital acquired flat fee D.I.Y. digital music distributor TuneCore, in a move that reshuffled the indie music distribution deck. Today, Tunecore shared its most recent payouts to indie artists.
TuneCore announced today that it paid $36 million to artists in the first three months of 2015. That's a a 5% increase versus the same three months last year. The earnings represent income from 2.8 billion downloads and streams.
Since 2006, TuneCore Artists have earned over $541 million from over 15.2 billion downloads and streams, according to the company.
Growth in international music consumption is helping to drive income for more independent musicians. Emerging markets including Chile, Guatemala, Hong Kong, Poland and Turkey experienced growth, seeing 134%, 70%, 48%, 68% and 180% increases respectively.
TuneCore now serves music to 150+ digital music partners; and in Q1 added Play.me (Italy) and Zvooq (Russia and surrounding countries).
Artists using TuneCore Music Publishing Administration have now registers over 300,000 compositions – a 20% increase (Q1 2015 vs. Q1 2014). Recent high-profile placements include: HBO’s hit series Girls, cable series Better Call Saul and the feature film Furious 7.
The company produced this infographic to illustrate quarterly growth: