TuneCore, in a recent announcement, claimed that it has enabled artists to distribute their music to over 150 digital stores and streaming services worldwide including iTunes, Apple Music, Spotify, Amazon, Deezer, and Google Play.
This reach has helped the company to make independent artists a major factor influencing the growth of genres, markets and geographies. The total streams and downloads of music by TuneCore’s 250,000 worldwide artists hit 199.3 billion in the past year, a 83% increase over 2017.
In 2018 alone, countries with notable streaming growth included: Morocco (243% increase), South Africa (125% increase), Italy (108% increase), India (89% increase), Turkey (81% increase) and Czech Republic (72% increase). In the same year, streaming growth varied worldwide – Africa saw a 146% growth, while Asia saw 52% growth, Oceania reaped 38% growth, Europe grew by 35%, South America by 32% and lastly, North America recorded a growth of 31%.
The fastest-growing genres worldwide in 2018 were heavy metal, J-Pop, R&B/Soul, K-Pop, World music and Instrumental.
TuneCore artists earned $83 million in Q1/2019
TuneCore, on May 2nd announced that its artists earned $83 million in the first quarter of 2019, a 21% increase over Q1 2018. This brings total distribution revenue to $1.5 billion, 100% of which was paid to TuneCore artists. Distribution income for artists reached $308 million in 2018, a 28% year-over-year increase. That’s the equivalent of nearly $1m per day (across the 90 days in Q1).
100% of this distribution income belongs to TuneCore artists; the company doesn’t make its money on a percentage commission, but rather on flat fees charged to customers when they upload tracks.
Interestingly, the figures here do not include publishing income or YouTube Monetisation revenues (both of which TuneCore also collects). Midia Research has previously estimated that DIY artists generated $643m worldwide from recorded music royalties during 2018, up by 35% on 2017.
That figure represented larger percentage growth (off a smaller base) than any of the three major record companies in the same period – and was enough, says Midia, to claim a 3.4% market share of all recorded music wholesale revenues ($18.9bn) worldwide. (This 3.4% market share number was up on 2.7% in the prior year.)
In addition to distribution income, publishing administration royalties collected for TuneCore artists grew 42% in 2018. As well, YouTube Monetization delivered significant new income for TuneCore artists, growing 48% over 2017
What’s more, the company has confirmed that its lifetime earnings for artists surpassed $1.5bn by the close of March this year. This is a useful stat when we look back at TuneCore’s recent monetary progression, as it allows us to monitor the company’s growth.
TuneCore has previously confirmed that, by the end of 2016, it had generated a lifetime earnings figure of $836m to artists. It then officially surpassed $1bn in lifetime earnings for its artists in Q4 (October) 2017.
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