TuneCore Quarterly Artist Payments Hit $34 Million, Download and Streams Jump 75%

TuneCore today announced that quarterly payments to artists reached $34.1 million in the first quarter of 2014. The revenue was generated from 1.3 billion downloads and streams, a 75% increase over the same period in 2013. 

So far this year, TuneCore added four new stores to its flat fee digital music distribution network: Bloom.fm, Guvera, Akazoo and Anghami.

TuneCore artists have earned $405.6 million on 6.1 billion streams and downloads since inception.

The company also announced 190% growth in royalties collected by TuneCore Music Publishing Administration in Q1 2014 compared to Q1 2013.