Tunecore posts 5% rise in Q1 artist payouts to $36m

Digital distribution firm TuneCore, which was snapped up by Believe Digital earlier this month, has announced that it paid artists $36 million in Q1 of 2015 – a 5% increase versus the same time 2014.

Those earnings were driven by 2.8 billion downloads and streams.

Since 2006, says the firm, TuneCore artists have earned over $541 million from over 15.2 billion downloads and streams.

The Q1 earnings were particularly boosted by emerging markets like Chile, Guatemala, Hong Kong, Poland and Turkey – which saw 134%, 70%, 48%, 68% and 180% increases respectively.

TuneCore’s 150+ digital music partners were joined in Q1 by Play.me (Italy) and Zvooq (Russia and surrounding countries).

Meanwhile, TuneCore’s Music Publishing Administration operation now manages over 300,000 compositions, a 20% increase (Q1 2015 vs. Q1 2014).

Recent high-profile placements include: HBO’s hit series Girls, cable series Better Call Saul and recently released feature film Furious 7.

“We’re so proud to see our artists succeeding and we’re thrilled to be able to offer them the continued support and tools needed to advance their careers,” said TuneCore CEO Scott Ackerman (pictured).

“It is amazing to explore all the different ways independent artists can connect with fans, reach new audiences worldwide and maximize their earnings. It’s such a exciting time in the music industry and for TuneCore, building off of the strong start of the year, we are looking forward to even greater things to come in 2015.”

Tunecore has shared the below infographic to highlight its growth.

Tunecore infographic_2015

Music Business Worldwide

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