CD Baby, an independent music distributor, is celebrating two artist payout milestones in 2012.
Launched in 1998, the service that distributes over 4 million tracks paid out $50 million to artists in 2012 which contributed to a cumulative total of $250million since it was established.
CD Baby president Brian Felsen said: “For years, we’ve been paying musicians every single Monday but to have hit the 250 million mark for payouts — that’s a big achievement for the artists who work with CD Baby, and I want to both congratulate and thank them.”
Artists pay a one-time fee for each uploaded product and they receive revenue from digital download sales, on-demand streaming, physical CD sales and sync licensing royalties.
Source: Digital Media Wire