TuneCore is excited to share that in Q2 of 2016, our collective base of independent artists earned $44 million – a 24% increase from the second quarter of 2015. That means that since TuneCore launched in 2006, TuneCore Artists have earned $733 million from 36.5 billion downloads and streams.
Once a contentious point of consideration for artists distributing new music, streaming has proven to be a choice method of consumption for fans, prompting artists to cast a wide net and make their music available on these platforms. In fact, we’re looking at an 82% increase in streaming growth, with top contributors including TIDAL (+157%), Amazon Music (+112%) and Spotify (+89%). Streaming has proven to be on the upswing around the world as well, specifically in Australia (+124%), UK (+97%), Germany (+108%) and India (+112%).
The more fans’ access to music increases, the more music TuneCore Artists desire to create! We’re psyched to see that TuneCore Artists continue to distribute at a record pace all over the globe. Some of the fastest growing territories include India, Africa, Asia and South America:
On the music publishing administration side of things, TuneCore Artists saw a 31% growth in gross revenue year over year. In addition, YouTube continues to be a lucrative platform for independent artists with gross revenue from YouTube Sound Recording experiencing a 110% increase and YouTube Art Tracks seeing a 384% increase in gross revenue growth.
TuneCore’s fastest growing genre is K-Pop, which has increased by 147% since the second quarter of 2015 and is popular in markets including US, Canada and Australia. Additional fastest growing genres and their respective popular markets include:
- R&B/Soul (+85%) in Germany, New Zealand, Denmark, Netherlands & Sweden
- J-Pop (+81%) in Japan, UK & France
- Hip Hop/Rap (49%) in Netherlands, Mexico and Chile
- Children’s Music (+42%) in Norway & Canada
You can head over to our awesome interactive infographic to explore which genres are doing well in every country in the world!
As we’ve launched new sites internationally, we’re also excited to announce that TuneCore’s local offerings in these markets are experiencing steady increases in customer growth: Germany (+221%), UK (72%) and Australia (+13%).
Here’s to another successful quarter for the members of our TuneCore Artist community! For more information, don’t forget to check out our interactive infographic.