Independent digital distributor TuneCore announced today (April 29) that it has reached a record $1.5 billion in download and streaming revenue. The Brooklyn-based service broke down some of the secrets to its success: TuneCore artists earned $83 million in Q1 2019, a 21 percent increase over Q1 2018. Last year, distribution income for artists hit $308 million, a 28 percent year-on-year increase. And finally, total streams and downloads by TuneCore's 250,000 artists amounted to a staggering 199.3 billion in 2018, a 83 percent increase from 2017, the same year that the platform approached $1 billion in artist revenue. Additionally, publishing administration royalties collected for TuneCore grew 42 percent in 2018, and YouTube monetization added more new income for TuneCore artists 48 percent over 2017.

Source: The North Africa Journal April 29, 2019 12:56 UTC