CD Baby Pays Out Record Royalties From Sync Rights
March 26, 2014 at 11:11 AM (PT)
CD BABY paid out a record $400,000 in royalties to artists involved in the CD BABY Sync Licensing program for the fourth quarter of 2013 -- a 70% increase over the previous quarter and 150% more than the same period in 2012. CD Baby has now paid over $1 million in Sync royalties.
“This is just the beginning,” CD BABY Dir./Marketing KEVIN BREUNER said. “It’s gone far beyond ‘found money’; this is legitimate income. When YOUTUBE begins it streaming service, it’s just going to grow exponentially. We did a test, seeding out YOUTUBE channels with a subset of album artwork videos. Within a few days we had over 50,000 views and hundreds of channel subscriptions. That’s huge. We haven’t even begun to tap the possibilities yet.”