TuneCore have released details of their performance for 2015 along with an infographic available below showing a 7% increase in revenue and earnings of 142 million dollars. Last year TuneCore also saw a 370% rise in royalty fees earned from YouTube which obviously also meant better revenues for any of their clients who signed up to their “YouTube Sound Recording” service which their web site describes as follows.
You can earn money when your sound recordings are used anywhere on YouTube. On any videos! You earn money when other people use your sound recordings in their videos and on your own YouTube videos too. TuneCore can collect all this revenue for you through its YouTube Sound Recording Revenue collection service. There is a low, one-time setup fee for all your current and future sound recordings and you keep 80% of collected revenue!
About YouTube Sound Recording
One-time setup fee covers all your current and future sound recordings.
There are no additional submission costs.
You choose which tracks you want to collect money on (monetize).
You can include or exclude (whitelist) your own YouTube Channel.
TuneCore submits eligible tracks to YouTube.
YouTube Content ID system identifies your sound recordings & revenue.
TuneCore collects the revenue from YouTube. TuneCore deposits money directly in your account monthly.
TuneCore is a New York based independent digital music distribution service originally founded in 2005 which offers musicians and other rights holders the opportunity to make their music available to online retailers such as iTunes, AmazonMP3, Google Play Music, Xbox Music, Rhapsody, eMusic and others for retail. TuneCore also operates in music publishing administration services, helping songwriters register their compositions and collect royalties internationally. The company recently expanded it’s operations into Australia and the United Kingdom.