TuneCore Pays Artists $32.7 Million In Q3, Expands Music Publishing Catalog; Joe Cuello Joins Company
October 15, 2014 at 6:21 AM (PT)
TUNECORE had a strong Q3 2014 for artist earnings results. Additionally, TUNECORE highlighted several new, key initiatives launched to further support the growing generation of musician-entrepreneurs who choose to remain independent and take charge of their own careers.
In Q3 2014, TUNECORE artists’ earnings exceeded $32 million, a 13.2% increase over Q3 2013. This brings the total amount paid to distribution clients since the company’s inception in 2006 to $471.5 million based on 10.6 billion combined streams and downloads. The number of streams continued to increase at a steady pace during Q3, growing 154% vs. Q3 2013.
The company also disclosed that hip-hop is TUNECORE distribution’s top genre by both quantity of releases distributed and revenue paid, with 1.6 billion downloads and streams and $59 million in artist earnings since 2006.
Joe Cuello Joins TuneCore
JOE CUELLO, former SVP/Music Services at MTV, has joined TUNECORE as Chief Creative Officer. It’s a new position that will be responsible for developing the TUNECORE brand and spearheading initiatives such as new partnerships and special events that will drive more growth opportunities for musicians and songwriters.
CUELLO has over 20 years of experience in music, 10 of them with MTV, where his responsibilities included the incorporation of music within the network’s long-form programming.