Digital distributor TuneCore has revealed its latest quarterly figures, including a payout of $33.2m to its artist customers in Q2 this year. That’s up 18.4% year-on-year, taking the company to $438.8m of total payments since 2006, based on 8.8bn streams and downloads of songs. TuneCore is also keen to stress its international growth, with payouts up 65% in Scandinavia, 43% in Germany, 147% in Brazil, 46% in Mexico and 52% in Asia. “The results we’re seeing show that the music business is still ripe with opportunity, and we are committed to providing the comprehensive toolset to ensure musicians and songwriters get their music out to the world and that they earn all they can from it,” said CEO Scott Ackerman. The company is trying to put a bruising 2013, when it was sucked into a war of words with ousted founders Jeff Price and Peter Wells, who have since launched their new company Audiam.
TuneCore paid out $33.2m to artists in the second quarter of 2014
July 17th, 2014 by Music Ally Blog