TuneCore Artist Survey Reveals Independent Artists Encouraged by Innovation in the Music Business and Optimistic about Future
NEW YORK, Nov. 12, 2014 /PRNewswire/ -- This has been an exciting year for streaming music; listenership continues to explode, and relationships between labels, musicians and new services are shifting. In order to keep up-to-date with what their artists are thinking, TuneCore, a leading digital music distribution and music publishing administration company, conducted a survey focusing on musicians' thoughts and expectations for the future of the music industry. Results indicate that the large group of stakeholders – independent musicians– whose voices are often overshadowed by the major labels and big-name musicians – are quite optimistic about their future and see real value in digital streaming and downloads. Key findings include:
- Artists strongly believe that streaming makes it easier for new fans to find their music and they see it as a driver of the business' future.
- Artists value platforms like iTunes, Spotify and YouTube for distribution and social networks like Facebook and Twitter for connection with those fans around the world.
- Artists recognize the ability to get their music out without a label as the most important digitally-driven change to the music business.
- Artists understand the value in being able get their music out to fans anywhere in the world.
- Artists project that performance will be the largest income driver in five years, with revenues from distribution via streaming and downloads expected to come in second; they also see licensing as a growing income driver in the years to come.
The survey results are based on an online survey of TuneCore music distribution account holders, a total of 1,112 responses were received. The full survey results are available upon request.
"Information gained from surveys like this one is an example of the many ways TuneCore is gaining insights into the needs of our customers. The data gathered is critical to the success and development of the services that help artists achieve success in this ever-changing industry." said Scott Ackerman, CEO of TuneCore. "We are quite optimistic about the bright future of the music business."
The business of music has changed fundamentally and dramatically, driven largely by the digital revolution. The results of the TuneCore Artist Survey demonstrate artists are positive about these changes and overall optimistic about the future of the music business. For the growing generation of musician-entrepreneurs, the evolution of the music industry is allowing them to take more control of their own careers, reach more people worldwide, and retain the proceeds from their craft.
TuneCore brings more music to more people, while helping musicians and songwriters increase money-earning opportunities and take charge of their own careers. The company has one of the highest artist revenue-generating music catalogs in the world, earning TuneCore Artists $471.5 million on 10.6 billion streams and downloads since inception. TuneCore Music Distribution services help artists, labels and managers sell their music worldwide through iTunes, Amazon Music, Spotify, Google Play, and other major download and streaming sites while retaining 100% of their sales revenue and rights for a low annual flat fee. TuneCore Music Publishing Administration assists songwriters by administering their compositions through licensing, registration and worldwide royalty collection. Additionally, the Artist Services portal offers a suite of tools and services that enable artists to promote their craft, connect with fans and get their music heard around the world. TuneCore is headquartered in Brooklyn, NY with offices in Burbank, CA and Nashville, TN, and is backed by Opus Capital and Guitar Center. For more information, visit www.tunecore.com.
For information contact:
Alisa Finkelstein ([email protected])