TuneCore the digital music distributor with one of the largest music catalogs in the world, announced a 20% growth in artist earnings for the first 5 months of 2013, exceeding $300 million dollars in artist earnings since its launch in 2006. TuneCore also experienced a 67% increase in downloads and streams reaching over 3 billion units during the same time period.
"TuneCore's mission has always been about giving all artists the opportunity to easily and affordably get their music heard anywhere in the world and receive 100% of the revenue from the downloads and streams of that music. Hitting this $3 million earnings milestone is something to be celebrated and we congratulate all our TuneCore Artists, "says Scott Ackerman, TuneCore COO.
Complementing the phenomenal earnings number is the 300 billion downloads and streams generated by TuneCore artists, another major milestone. These numbers reflect a tremendous growth in streaming, fueled by changing consumer behavior and the desire to discover and listen to music anywhere, any time and on any device. Streaming services provide artists additional opportunities to find more worldwide listeners and monetize their music. TuneCore is partnered with several top global streaming providers including Sony Music Unlimited, Spotify, Rhapsody, Deezer and Simfy, and will continue to add additional streaming services to provide even more reach for their artists. For more information about TuneCore Distribution and Publishing Administration services visit their site.
Congrats to TuneCore and their associated artists.