Independent music distributor CD Baby is celebrating having reached the milestone of $250 million paid out to artists since its 1998 launch, 50 million of which was in 2012 alone.
Artist revenue is generated by digital download sales, on-demand streaming revenue, physical CD sales and sync licensing royalties. Artists pay a one-time fee for each album or track they upload, and they can manage all of their activity from a single account.
According to CD Baby, it distributes over 4 million tracks to music retailers including iTunes, Amazon, Google Music, Rhapsody and Spotify. It also sells directly from its site and via widgets for Facebook and websites.
“For years, we’ve been paying musicians every single Monday,” said CD Baby president Brian Felsen. “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.”
CD Baby – http://www.cdbaby.com
Photo is of Regina Spektor, whose 2002 album “Songs” is one of CD Baby’s best sellers.