CD Baby has paid out over $1bn to artists using its distribution platform

0 Comments




DIY musicians are grabbing an more and more massive market share of the music enterprise.

According to Midia, self-releasing artists using platforms like TuneCore, DistroKid, CD Baby and others generated $1.2 billion in royalties in 2020 – making up over 5% of the overall world recorded music business.

Today, we be taught that a type of platforms, Downtown Music Holdings-owned distribution platform CD Baby, has reached a major monetary milestone of its personal. 

CD Baby stories to have paid out greater than $1 billion to artists because the firm was based in 1998.

In addition, the corporate says that greater than 1,000,000 artists worldwide have distributed over 10 million tracks through the platform.

Downtown acquired CD Baby as a part of its $200 million acquisition of AVL Digital Group and its portfolio of companies again in March 2019.

CD Baby’s relationship with Downtown started in 2014 with the launch of CD Baby Pro, a songwriter royalty assortment resolution for CD Baby shoppers using Downtown’s Songtrust platform.

Downtown now has a worldwide staff of 600 workers in over 20 cities.

The firm says that “millions of artists, songwriters and enterprise clients” from over 145 nations, together with most of the largest music, leisure and gaming firms, handle over 23 million music belongings on its platforms.

“With CD Baby now leveraging resources across Downtown’s platform, including technology, royalty collection, global licensing operations and capital, we are able to drive equity and innovation to all creators at an accelerated pace.”

Andrew Bergman, Downtown

“As business partners since 2014, we appreciated the depth of CD Baby’s organization and its incredibly loyal client base, two key drivers of our acquisition,” mentioned Downtown CEO, Andrew Bergman.

“Unique in the industry, they have long understood that not all creators are the same, each having their own story, ambition and art to share.

“With CD Baby now leveraging resources across Downtown’s platform, including technology, royalty collection, global licensing operations and capital, we are able to drive equity and innovation to all creators at an accelerated pace.”

“Our mission has always been to work as hard as possible to serve musicians dedicated to doing their own thing, their way. Our success is a reflection of their success.”

Joel Andrew, CD Baby 

CD Baby President Joel Andrew, added: “For us, it’s not just about how much the top earners make, but also about what the payout means to all of the unique artists we work with who are charting their own course, based on their creative vision and their personal versions of success.

“Our mission has always been to work as hard as possible to serve musicians dedicated to doing their own thing, their way. Our success is a reflection of their success.”Music Business Worldwide

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post