News Column

TuneCore Pays Out $33.2 Million in Artist Earnings, Sees 300% Growth in Revenues for Music Publishing Clients in Q2 2014

July 29, 2014



By a News Reporter-Staff News Editor at China Weekly News -- Demonstrating growing opportunities for artists in the evolving business of music, TuneCore announced that digital music distribution payouts to TuneCore Artists in Q2 2014 exceeded $33.2 million, an 18.4 percent increase over Q2 2013. Since its inception in 2006, TuneCore has paid $438.8 million to artists from a total of 8.8 billion streams and downloads. Q2 also saw the company reach the 1 million milestone for registered artist account holders, a testament to the increasing opportunities for the emerging population of musician-entrepreneurs.

http://photos.prnewswire.com/prnvar/20140715/127355

In Q2, TuneCore Music Publishing Administration drove an impressive gain of 300 percent in songwriter earnings over the same period in 2013. Through TuneCore's unique solution for worldwide composition registration, royalty collection and YouTube monetization, more earnings from sources around the world are being delivered into songwriters' pockets. Songwriters are becoming more aware of the complexity of royalty collection and understand that a publishing administrator such as TuneCore is necessary in order to maximize and collect revenues they earn globally.

An infographic with year-to-date milestones can be found at http://www.tunecore.com/index/artist_milestones

Tapping High-Growth Markets Outside of the US

The ability to easily distribute music to new and emerging markets throughout the world is also proving to be of increasing importance to independent artists. In Q2, TuneCore saw incredible gains in markets outside of the US, with artist earnings from music distribution increasing 43 percent in Germany, 46 percent in Mexico, 52 percent in Asia, 65 percent in Scandinavia and a staggering 147 percent in Brazil.

Maximizing artists' ability to capitalize on these high-growth regions and ensuring artists' music is available wherever audiences are looking for it, TuneCore continues to expand its relationships with top stores and services around the world. In Q2 2014 TuneCore added a number of international distribution channels including Asia's largest subscription-based music service, KKBOX, and the leading music distribution service in Africa, Spinlet. With these additions, TuneCore distributes through more than 80 partners operating in over 200 countries and territories, driving opportunities for musicians in some of the world's fastest-growing markets.

Securing Lucrative Sync Licensing Opportunities

TuneCore's Music Publishing team also continues to offer innovative earning opportunities for songwriters through TV, commercial and movie placements thanks to the company's proprietary Sync and Master Licensing Database and in-house Creative team. In Q2, TuneCore-attained music licensing deals resulted in placements in Birdman (Movie), on Fox Sports TV, in NBC sitcom Growing Up Fisher, and in advertisements for Fairfield Inn as well as a Chevrolet promotion featuring the famed Manchester United soccer team.

"TuneCore is proud to give artists and songwriters the tools to succeed in the ever-evolving business of music and to be a driving force supporting a new generation of musician-entrepreneurs," commented TuneCore CEO Scott Ackerman. "The results we're seeing show that the music business is still ripe with opportunity, and we are committed to providing the comprehensive toolset to ensure musicians and songwriters get their music out to the world and that they earn all they can from it."

Keywords for this news article include: Asia, China, TuneCore.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: China Weekly News


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