TuneCore Artists Close In On $1 Billion In Revenue

TuneCore

TUNECORE artists are approaching the milestone of earning $1 billion in revenue solely from downloads and streams, the only company to reach this milestone while paying its artists 100% of what they have earned. This does not include revenue from other TUNECORE offerings, such as publishing administration and YOUTUBE sound recording. As of MAY 31st, TUNECORE artists around the world have earned more than $920 million collectively from over 75 billion downloads and streams.

In celebration of the achievement, TUNECORE is inviting all artists – both new and existing – to join the "BILLION DOLLAR CLUB" and help reach $1 billion in revenue ahead of the projected OCTOBER date.  For a limited time, artists will have the opportunity to upload a single for worldwide distribution – free of charge– using the special coupon code "BILLION" (U.S., CANADA, U.K. and AUSTRALIA); "MILLIARD" (FRANCE); "MILLIARDE" (GERMANY); and "MILIARDO" (ITALY). In addition to taking advantage of the free single, participating artists will contribute to a major, once-in-a-lifetime milestone, as well as a significant revenue benchmark for the greater independent music community as whole. TUNECORE will also host a count-up tracker on the website to show artists' progress toward reaching $1 billion in revenue.

TUNECORE CEO SCOTT ACKERMAN stated, "TUNECORE is incredibly proud of our artists for reaching such an impactful industry milestone while keeping 100% of their earnings through streaming and downloads. We are deeply committed to helping our artists maximize their revenue, which is why we are so excited to celebrate as they approach this historic achievement. We encourage artists around the world to join the BILLION DOLLAR CLUB and help reach $1 billion in artist earnings ahead of our projected date."

The company is also giving artists the chance to be featured on TUNECORE's curated SPOTIFY playlist. To participate, artists simply need to share a screenshot of the cover artwork from their release through TUNECORE, post it to INSTAGRAM and tag their post with the #TCBillion campaign hashtag. TUNECORE artists will also have the opportunity to add a "BILLION DOLLAR CLUB" badge to their FACEBOOK profile pictures to showcase their contribution to this outstanding milestone. TUNECORE will continue to roll out additional content aimed at engaging artists throughout the summer, including music education videos featuring TUNECORE musicians.

According to the 2016 IFPI REPORT, while overall digital revenues for the global recorded music market grew by 17.7%, revenue earned by TUNECORE's independent artists grew by 32%. Similarly, while streaming revenue for the global recording industry grew by 60.4%, TUNECORE's streaming revenue grew by 85%.

TUNECORE has also seen strong growth across its international markets, with a 119% year-over-year increase in streaming in AUSTRALIA, as well as year-over-year increases in GERMANY (89%) and the U.K. (84%). Streaming also continues to grow in the U.S. with a 101% year-over-year increase, demonstrating the rapid growth the music industry can continue to expect.

TUNECORE continues to expand its portfolio of artist services such as TUNECORE SOCIAL, TUNECORE DIRECT ADVANCE, YOUTUBE SOUND RECORDING REVENUE and MUSIC PUBLISHING ADMINISTRATION for its artists to promote their work, connect with fans and get their music heard around the world.

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