Music distributor CD Baby has announced its latest milestone: $300m payments to artists since its launch in 1998. “It took us eight years to pay out the first $50m, but now our artists are earning at least $50m per year, and this year we expect to beat $60m,” CEO Tracy Maddux tells Hypebot. That implies growth is slowing, given the company’s $48m of payouts in 2011 and $56m in 2012. CD Baby says it has 325k artists using its service, including big names like Macklemore, The National and Bon Iver. The announcement is a reminder that the majority of artists aren’t making much money from selling their music, though: those 325k artists will earn an average of $185 each through CD Baby this year.
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Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…