TuneCore Artists Earn $36 Million -- Strong Quarter Over Quarter Growth
New Initiatives and Expanded Artist Services Help Artists Build Careers
NEW YORK, April 29, 2015 /PRNewswire/ -- TuneCore, the premier digital music distribution and publishing administration service provider, announced today that artists have earned more than $36 million in Q1 of 2015, a 5% increase versus the same time 2014. Those earnings were driven by 2.8 billion downloads and streams. Since 2006, TuneCore Artists have earned over $541 million from over 15.2 billion downloads and streams.
The growth of international music consumption is fast becoming an important source of income for independent musicians. Emerging markets like Chile, Guatemala, Hong Kong, Poland and Turkey have experienced major growth, seeing 134%, 70%, 48%, 68% and 180% increases (respectively) in artists' earnings. Committed to artists getting their music heard worldwide, TuneCore continues to grow their 150+ digital music partners, and in Q1 added these leading music services: Play.me (Italy) and Zvooq (Russia and surrounding countries).
Artists continue to entrust TuneCore Music Publishing Administration to register and collect their worldwide songwriter royalties resulting in the number of managed compositions growing to over 300,000, a 20% increase (Q1 2015 vs. Q1 2014). Songwriters are also reaping the benefits of additional revenue from synch and licensing deals that are negotiated on their behalf. Recent high-profile placements include: HBO's hit series Girls, cable series Better Call Saul and recently released feature film Furious 7.
An infographic with data and highlights is available at http://www.tunecore.com/index/artist_milestones
Putting Artists at the Forefront
TuneCore hit the ground running at the start of the New Year and launched an ambitious initiative to further bolster high-profile exposure opportunities for artists through a series of live performances, special events and strategic brand partnerships. The TuneCore Live monthly showcases kicked off these efforts and featured some of TuneCore's best up-and-coming talent. The showcases consistently pack the historic Bardot Club in Hollywood and introduce attendees to a wide range of musicians, including, Olivver The Kid, Nova Rockafeller, Sam Outlaw and more! The successful TuneCore Live showcase also went down to Austin, Texas during SXSW Music in March (where 1/3 of the artists performing have distributed their music with TuneCore) and featured a full roster of exciting independent TuneCore artists.
Giving Fans VIP Access to Artists
DropKloud, an innovative free app that gives fans VIP access to exclusive artist-curated Kloud content, debuted at SXSW 2015. This unique platform allows fans to pick up Klouds from their favorite artists, giving them pre-release tracks, exclusive videos and photos. SXSW event attendees were able to access new music from artists like ZZ Ward and Angelique Kidjo as well as new talent playing at the TuneCore Live showcase.
Looking Forward
TuneCore will continue to focus on its key principle of getting more artists' music to more people worldwide and providing the artists with the means and tools to build indie careers. Knowing the importance social media plays in promoting music, TuneCore Artists will soon be able to optimize the way they share their music across all their social media platforms with the new web application, MSCLVR.co. The DropKloud app will continue to add new functionality for even greater engagement for both the artist and the fan. Also look out for new initiatives to provide further high-profile exposure for artists.
"We're so proud to see our artists succeeding and we're thrilled to be able to offer them the continued support and tools needed to advance their careers," said TuneCore CEO Scott Ackerman. "It is amazing to explore all the different ways independent artists can connect with fans, reach new audiences worldwide and maximize their earnings. It's such a exciting time in the music industry and for TuneCore, building off of the strong start of the year, we are looking forward to even greater things to come in 2015."
About TuneCore
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 $541 million from over 15.2 billion downloads and streams since inception. TuneCore Music Distribution services help artists, labels and managers sell their music through iTunes, Amazon Music, Spotify 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. The TuneCore 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. TuneCore, part of TuneCore & Believe Digital Services, operates as an independent company and is headquartered in Brooklyn, NY with offices in Burbank, CA, Nashville, TN and Boston, MA.
For information contact:
Alisa Finkelstein ([email protected])
MWW: 212.827.3753
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SOURCE TuneCore
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