Leading digital music distributor for self-releasing artists, TuneCore, a division of Believe, one of the world’s leading digital music companies, has launched royalty splits. The move better serves the self-releasing artist community and facilitates seamless collaboration between music creators.
Andreea Gleeson, CEO, TuneCore commented, “Our goal at TuneCore is to make our artists’ lives easier so that they can focus on making music. For years, self-releasing artists at all stages of their careers have been required to take on additional support roles to sustain their artistic endeavours. By offering splits, TuneCore artists can now spend less time being accountants and more time making great music.”
TuneCore artists are now able to split their royalty payments from their streaming & download revenue between all collaborators on any track or album. All TuneCore artists on a paid UNLIMITED release plan are automatically eligible to utilize royalty splits, while those who utilize TuneCore’s free New Artist plan can access splits for just INR 599 a year through the Splits Collaborator add-on, all with no royalty commission paid to TuneCore from their streaming and download revenue.
Papoose, TuneCore’s Head of Hip-Hop commented, “As an artist, collaborating with other artists is very important; it can help bring out the best of our collective creativity while also allowing us to cross-promote and gain exposure to other artists’ audiences. For independent artists, the business side of collaboration can be a burden, organizing monthly payouts to make sure everyone gets their fair share. TuneCore’s new splits program allows us to enter the royalty percentages for each artist on a track and TuneCore handles the payouts. Once again, TuneCore continues to put artists first and make it easier for us to focus on making music together.”
Through splits, TuneCore also offers price-sensitive creators a means to facilitate collaboration by allowing them to offer featured artists a share of streaming and download revenue rather than paying an advance fee, decreasing the upfront financial barriers that could otherwise block collaboration.
Once splits are registered for a track or album, TuneCore will provide automatic payouts to collaborators as well as full visibility into payout details. Artists will be able to execute functions such as editing their splits at any time, adding or removing collaborators, and updating percentages, thereby lifting the burden of handling accounting for all collaborators on a specific track and allowing the artists to focus more on working together to create art and express themselves through music.
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