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.