TuneCore, the leading development partner for self-releasing artists—owned by Believe, one of the world’s leading digital music companies—has been recognized by Fast Company as the third-most innovative company in the music industry. Wednesday night, TuneCore was spotlighted at a celebratory dinner for this year’s honorees, with singer-songwriter & TuneCore artist Isabella Kensington providing the event’s musical entertainment.
Fast Company’s 10 Most Innovative Companies in Music in 2023
6. Universal Music Group
7. Warner Music Group
9. Black Lives in Music
10. Dance Cry Dance
Recent innovations contributing to TuneCore’s success include the introduction of an UNLIMITED pricing structure, giving artists the power to release an unlimited number of singles and albums for one flat annual rate, allowing them to create more music and experiment with different release strategies to advance their careers and feed their growing fanbases. In 2022, TuneCore continued to disrupt the music industry status quo and put power in the hands of artists & creators with the introduction of their Social Platforms distribution option, offering unlimited distribution to the music libraries social media platforms like TikTok, Instagram Reels and Stories, Facebook Stories and YouTube Shorts, all for free (no upfront cost).
TuneCore’s most recent innovation was the introduction of “Splits”, allowing artists to automate the royalty payments from their streaming & download revenue between all collaborators on any track or album. 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.
In December 2022, TuneCore announced that the company had paid out more than $3 billion to independent creators since its inception in 2006.
Photo: TuneCore staff and artists at Fast Company’s Most Innovative Companies Honoree Dinner 2023