Over $250 Million in Artist Earnings
February 6, 2013 – New York, NY
2012 was an exciting year for TuneCore, but more importantly, it was a banner year for TuneCore Artists with $101.8 million earned in 2012 alone. Since TuneCore’s launch in 2006, 1.8 billion TuneCore Artist digital music units have been downloaded or streamed and TuneCore Artists have earned over $250 million in total from the sales and streams of their music.
“This is what it’s all about: giving any artist – those distributing their first release, full-time and part-time musicians, top-named talent – the same opportunity to sell their music anywhere in the world. We at TuneCore pride ourselves on using one of the highest quality music distribution platforms while not taking a penny from artists’ music sales,” says Scott Ackerman, TuneCore COO.
In examining the TuneCore Artists distribution trends over the past few years, TuneCore saw that some things didn’t change—rock, for example, has remained the top-ranked album genre for the past five years. There were, however, notable developments in 2012: TuneCore saw streaming downloads grow over 200% and their Music Publishing Administration business (an integrated song rights management service launched in 2011) showed significant growth, including the recent signing of four new sub-publishing agreements. 2012 also marked the year that TuneCore Japan opened its digital doors.
TuneCore (http://tunecore.com) is the largest music distributor and has one of the highest revenue-generating music catalogs in the world. Since it’s launch in 2006, over 1.8 billion TuneCore Artist units have been downloaded or streamed, which translates to over $250 million in revenue earned by TuneCore Artists.
For a simple flat fee, TuneCore distributes artists’ music to iTunes, Spotify, Rdio, Google Play, eMusic, AmazonMP3, Deezer, Simfy and many other major download and streaming sites while taking no rights and no revenue from the sale of the music. TuneCore has more than 849,000 artist and label account holders, ranging from indie artists to high-profile performers including Nine Inch Nails, Drake, Civil Wars, Sonic Youth, Beck, Jay-Z, Aretha Franklin, Keith Richards, Blood On The Dance Floor, Public Enemy, Willie Nelson, They Might Be Giants, Donna Summer, MGM Studios, Moby, Girl Talk & Brian Eno. TuneCore expanded its business internationally by launching TuneCore Canada in 2011 and TuneCore Japan in 2012. TuneCore Music Publishing Administration was introduced in 2011.