TuneCore Celebrates 10th Anniversary With Record Results
June 13, 2016 at 11:58 AM (PT)
Since TUNECORE launched 10 years ago, it has paid out $689 million to its artists based on 31.1 billion streams and downloads.
For Q1 2016, TUNECORE artists earned $42 million – a 16% increase from the first quarter of 2015, when earnings were $36 million.
TUNECORE artist revenue was up 50% at SPOTIFY, 167% at TIDAL, 34% at DEEZER and 57% at RHAPSODY.
TUNECORE artists’ earnings have grown by 730% from YOUTUBE ART TRACKS and gross revenue has increased by 126% from YOUTUBE SOUND RECORDING.
TUNECORE'S Publishing Administration arm has seen a 188% increase in sync revenue, securing placements in popular TV shows such as "Empire," "Grey’s Anatomy," "The Goldbergs" and "Shameless," as well as a 36% growth in publishing gross revenues.
Overall customer growth is up 34% in the U.K., 24% in AUSTRALIA, 59% in AFRICA and 21% in SOUTH AMERICA.
TUNECORE partnered with ROYALTY SOLUTIONS to offer artists easy and affordable access to the mechanical licenses needed to legally distribute and monetize cover songs and now offers artists world-class professional mastering services through a partnership with AFTERMASTER AUDIO LABS.