TuneCore continues to grow opportunities and revenues for artists and songwriters. Today, the company announced strong Q3 2014 artist earnings results. Additionally, TuneCore highlighted several new, key initiatives launched to further support the growing generation of musician-entrepreneurs who choose to remain independent and take charge of their own careers. In Q3 2014, TuneCore artists’ earnings exceeded $32 million, a 13.2 percent increase over Q3 2013. This brings the total amount paid to distribution clients since the company’s inception in 2006 to $471.5 million based on 10.6 billion combined streams and downloads. The number of streams continued to increase at a steady pace during Q3, growing 154 percent vs. Q3 2013. The company also disclosed that hip-hop is TuneCore distribution’s top genre by both quantity of releases distributed and revenue paid, with 1.6 billion downloads and streams and $59 million in artist earnings since 2006. An infographic with year-to-date milestones can be found at https://www.tunecore.com/index/artist_milestones Growing Revenue through Royalty Collection and Sync Licensing Opportunities in TV, Film TuneCore Music Publishing Administration, which assists songwriters by administering their compositions through licensing, registration and worldwide royalty collection, sustained its growth momentum in Q3. With a catalog that has rapidly grown to include over 260,000 compositions in just three years, TuneCore is delivering millions of dollars in royalties from sources worldwide to songwriters who would otherwise be unable to collect this revenue. During Q3 2014, TuneCore Publishing Administration’s creative team secured and negotiated several high-profile sync deals for songwriters, enabling them to maximize the growing revenue opportunities found in licensing to TV shows, films, commercials and more. These placements included: The Overnighters: Critically-acclaimed, Sundance award-winning documentary feature film to be released October 24, 2014 UNICEF: Public service announcement supporting the organization’s life-saving relief work Budweiser: Made in America content series Awkward: MTV’s irreverent, original teen comedy series Asphalt Overdrive: The newest version of Gameloft’s popular mobile racing game
