TuneCore paid out $34m to artists in Q1 2014

Tom Pakinkis

TuneCore has revealed a $34.1 million payout to artists in the first quarter of 2014.

The distributed earnings figure sits alongside an increase in publishing royalties of 190% for rights-holders over the period.

The revenue for artists was generated from nearly 1.3 billion downloads and streams, representing a 75% increase compared to the same period in 2013.

In January 2014, TuneCore revealed that the total amount paid to rights-holders since its launch in 2006 topped $371 million. Adding ...

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