Tunecore Year-In-Review Spotlights Indie Artist Payouts
February 11, 2016 at 12:29 PM (PT)
TUNECORE artists earned $36.8 million from digital streams and downloads in Q4 2015, capping off another strong year of sustained growth, which saw independent artists earn over $142 million, a 7% increase from 2014. Publishing revenue for TUNECORE artists was up 47% in 2015 and sync revenue up 57%, with placements in major feature films and network TV shows. Since its inception in 2006, TUNECORE artists have earned more than $648 million collectively.
Last year, TUNECORE two new U.S. offices in AUSTIN and ATLANTA, and launched two new international sites with TUNECORE UK and TUNECORE AUSTRALIA, to go alongside existing headquarters in CANADA and JAPAN. TUNECORE also continues to add stores in new, emerging markets throughout the world, including SAAVN in INDIA, NMUSIC in AFRICA and the MIDDLE EAST and ZVOOQ in RUSSIA. Last year, TUNECORE saw an impressive 71% growth in new customers in the LATIN AMERICAN market and 55% growth in the AFRICAN market.
TUNECORE also added new executive talent with E-Commerce and marketing veteran ANDREEA GLEESON named VP/Marketing, while MARIE-ANNE ROBERTS joins as VP/International and indie music veteran SAM TAYLOR comes aboard as the UK brand manager.
With its YOUTUBE SOUND RECORDING COLLECTION SERVICE, TUNECORE grew royalties collected on the site by more than 370%. An artist who is in enrolled in the service, on average, earns $100 more than an artist not enrolled in this service.
An infographic with full Q4 data and highlights is available here.
Following the success of its inaugural TUNECORE INDIE FORUM in L.A. last fall, TUNECORE will host the TUNECORE NASHVILLE INDIE FORUM on FEBRUARY 20th, featuring roundtable discussions and panels from a variety of music executives, professionals and artists, such as PETER FRAMPTON, SPOTIFY's JOHN MARKS, DAN HUFF and more, to educate attendees on today’s music landscape and the industry’s continued growth.
Finally, TUNECORE is expanding its popular TUNECORE LIVE series from BROOKLYN and L.A. to NASHVILLE, AUSTIN and ATLANTA, while continuing to strengthen its core offerings, including its music publishing administration business.