TuneCore Artists Earned $42 Million Last Quarter, Up 16%

tunecore_logo TuneCore artists earned $42 million in the first quarter of 2016, up 16% from the same quarter last year. Revenue from music streaming services like Spotify, TIDAL, Deezer and Rhaposdy has grown significantly, according to the digital music distributor.

More new TuneCore stats:

TuneCore artists’ earnings have grown by 730% from YouTube Art Tracks
Gross revenue has increased by 126% from YouTube Sound Recordings.
The Publishing Administration arm of TuneCore has seen a 188% increase in sync revenue.
Placements in popular TV shows include Empire, Grey’s Anatomy, The Goldbergs and Shameless.

Source: TuneCore Artists Earned $42 Million Last Quarter, Up 16% – hypebot

RightsTech Extra

AI Companies Get the Picture

By Paul Sweeting

One of the biggest challenges facing copyright owners in grappling with the rapid development of generative AI technology, apart from a murky legal status, has been market failure, as discussed here in previous posts. The amount of existing material needed to train gen-AI models is so great, and so varied, that gauging the value of any one piece of it to establish a market price for it for licensing purposes is often effectively impossible. One group of rights owners is finding willing buyers among AI companies, however. An active, albeit for various reasons mostly sotto voce market has begun to emerge for the use of images held in large photo archives and by photo agencies and social media platforms, complete with per-unit industry and at least a nod toward creator attribution... Read More >>

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