NEW YORK, Feb. 11, 2016 /PRNewswire/ -- 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 on
TuneCore earn over $142 million, a 7
percent increase from 2014. Publishing revenue for TuneCore artists
was up 47 percent in 2015 and sync revenue up 57 percent, with
placements in major feature films and network TV shows. Since its
inception in 2006, TuneCore artists have earned more than
$648 million collectively.
Key Growth & International Expansion
As part of its continued commitment to support independent
artists around the world, in 2015 TuneCore opened two new offices
in the United States in key music
cities, Austin and Atlanta, and launched two new international
sites with TuneCore UK and TuneCore Australia. With these new
international expansions, TuneCore now offers local musicians in
four countries outside of the U.S. – UK, Australia, Canada and Japan – the opportunity to collect
revenue in their local currency, including earnings from streaming
services, digital download stores, songwriter royalties, and sync
licensing opportunities.
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. In
2015, TuneCore saw an impressive 71 percent growth in new customers
in the Latin American market and 55 percent growth in the African
market.
New Hires
To further connect with the artist community and broaden
opportunities for its customers, TuneCore added new talent to its
executive team both in the U.S. and abroad. E-Commerce and
marketing veteran Andreea Gleeson
has been named Vice President, Marketing, assuming leadership of
TuneCore's global multi-channel marketing initiatives focused on
the growth and retention of the company's artist customer base.
Additionally, Marie-Anne Roberts
joins the TuneCore team as Vice President, International, leading
expansion and growth in local markets around the world. Indie music
veteran, Sam Taylor, has joined
TuneCore as the UK brand manager helping to develop TuneCore's
brand presence and B2B relationships across the UK market.
Artist Highlights
The heart of TuneCore is the independent artist, and 2015 marked
another landmark year for the TuneCore community. The artists
continue to be heard across the world in all creative mediums,
including on the big screen, with music featured in Universal
Pictures' "Furious 7" and On the small screen in CBS's "The
Good Wife" and FOX's "Family Guy". The music of TuneCore's
independent artists was also included in national commercials for
major brands such as Booking.com and Huggies.
YouTube continues to grow as a key driver for artists' revenue
and with its YouTube Sound Recording Collection Service,
launched in 2014, TuneCore grew royalties collected on the site by
more than 370 percent. An artist who is in enrolled in TuneCore's
YouTube Sound Recording Collection 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.
Looking to 2016
Building on the achievements of the past year, TuneCore is
committed to further empowering independent artists through
education and experience. Following the success of its inaugural
TuneCore Indie Forum in Los
Angeles last fall, TuneCore is excited to host the TuneCore
Nashville Indie Forum on February 20.
This forum will feature roundtable discussions and panels from a
variety of music executives, professionals and artists, such as
Peter Frampton, R.LUM.R,
John Marks, Dan Huff and more, to educate attendees on
today's music landscape and the industry's continued
growth.
Additionally, in an effort to provide artists on-the-ground
opportunities to reach wider audiences, TuneCore is expanding its
popular TuneCore Live series from Brooklyn and Los
Angeles to additional primary music hubs such as
Nashville, Austin and Atlanta to reach more music fans across the
country. TuneCore will also continue to strengthen its core
offerings, including its music publishing administration business,
always with an eye toward new ways to grow the careers of its
independent artists, so their music may be heard by more people
across the globe.
About TuneCore
TuneCore brings more music to
more people, while helping musicians and songwriters increase
money-earning opportunities and take charge of their own careers.
The company has one of the highest artist revenue-generating music
catalogs in the world, earning TuneCore Artists $648
million from over 26.6 billion downloads and streams since
inception. TuneCore Music Distribution services help artists,
labels and managers sell their music through iTunes, Amazon Music,
Spotify and other major download and streaming sites while
retaining 100 percent of their sales revenue and rights for a low
annual flat fee. TuneCore Music Publishing Administration assists
songwriters by administering their compositions through licensing,
registration and worldwide royalty collection. The TuneCore Artist
Services portal offers a suite of tools and services that enable
artists to promote their craft, connect with fans, and get their
music heard. TuneCore, part of TuneCore & Believe Digital
Services, operates as an independent company and is headquartered
in Brooklyn, NY with offices in Burbank,
CA, Nashville, TN, Boston, MA, Austin, TX and Atlanta, GA.
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SOURCE TuneCore