Home Uncategorized UPDATE: Believe Digital Acquires TuneCore

UPDATE: Believe Digital Acquires TuneCore

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believe + Tunecore
UPDATE:
 
Believe Digital
has 
confirmed that they
have acquired
D.I.Y. digital 
distributor TuneCore
in a move that truly reshuffles the indie music distribution
deck.

“Today, TuneCore, the powerhouse digital music
distribution and music publishing administration company which
has earned Independent Artists over $504 million to date,
announced it will be joining with Independent label services
company, Believe Digital,” read the press release.
 

A sources with knowledge of the deal tells Hypebot that’s
the partnership is more of an acquisition or merger with
Believe Digital the senior partner.
 
Believe Digital has now confirmed that it has acquired
TuneCore.
The two companies will retain their own
operations and staffing.

French based Believe Digital is a leading independent
digital distributor representing 8 million tracks with offices
in 29 countries and a staff of 250.  “There is a
tremendous opportunity for TuneCore & Believe to champion
independent artists and their entrepreneurship, and together
our focus will be to provide the best comprehensive services to
a wider range of musicians around the world.”

The deal will provide TuneCore Artists with an
opportunity to tap into Believe Digital’s global services.
 Artists will now have access to a wider digital
distribution network and a bigger tool kit. “Artists will
continue to have full control over which products and services
you choose to fit your individual needs,”
promised TuneCore CEO Scott Ackerman in a letter to TuneCore artists.

Here’s what TuneCore and Believe Digital see has their
combined strengths:

·
image from www.hypebot.com
TuneCore plus Believe
Digital worldwide distribution and feature opportunities with
iTunes, Amazon, Spotify and other key digital partners

· TuneCore worldwide revenue collection. Artists keep
100% of sales revenue and rights.

· TuneCore worldwide royalty collection with Music
Publishing Administration. TuneCore will continue to register,
license and pitch your songs in over 60 countries.

· TuneCore & Believe global support with offices in
key markets worldwide.

· Believe Digital’s experienced team of music industry
and digital marketing experts and video channel managers will
continue to provide best in class label services to meet
artists’ needs.

· Artist services and products to meet the needs of
musician-entrepreneurs.

· Detailed reporting and knowledgeable customer service
to help you manage and grow your business.

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