TuneCore Pays Out $33.2 Million in Artist Earnings
Sees 300% Growth in Revenues for Publishing Administration Clients in Q2 2014
Growth in streams, downloads & licensing deals illustrate healthy opportunities in evolving business of music
Increases in Asia, Brazil, Germany, Mexico and Scandinavia demonstrate power of digital music globalization for driving success
New York, NY – July 16, 2014 – Demonstrating growing opportunities for artists in the evolving business of music, TuneCore today 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…
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