RouteNote Exits Last.fm Citing Low Royalties
Digital music distributor RoutNote is pulling it's clients tracks from music site Last.fm because it says royalty payments have been too low.
"The majority of our artists love to sell their music on the worlds largest stores like iTunes and Amazon, which make up the majority of their revenues," RouteNote wrote its users in a post titled GOODBYE LAST.FM. "Sometimes we have other services that just dont seem to generate the revenues expected… (Last.fm's) results in terms of revenues hasn't been what we expected." Artists can still join Last.fm and receive royalties directly from the service.
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Its a shame, but conversions just arent there at the moment. Plus artists can now get their music onto Last.fm directly and earn revenues, so why go through a distributor and offer them a slice of the revenues!
Routenote are one of the only distributors who take a percentage of artists earnings, so its obvious why they dont want to distribute to Last FM, as they dont earn any money from it.
Its a rip off
RouteNote are not the only distributors that take a percentage. We are the only service that offers our service for FREE upfront, CDBaby take 9% revenues, The Orchard take approx 30%, plus both charge upfront fees!
RouteNote stopped our Last.fm partnership because we simply weren’t needed. Artists could go direct to Last.fm and have full control over their music and earn royalties. We are in the market of helping artists worldwide! Not Profiteering!