|CD Baby Releases Infographic: Shows Strong Growth in Independent Music Revenues
According to CD Baby, the music industry is alive and kicking.
|Over 25,000 Musicians Using CD Baby’s MusicStore for Facebook
CD Baby’s MusicStore for Facebook is widely embraced by CD Baby artists as the easiest way to sell CDs, Vinyl, and MP3s on Facebook.
CD Baby, the largest distributor of music by independent artists in the world, has now paid over $200 million directly to musicians. At the current rate of well over $40 million in commissions paid to unsigned artists each year, the company expects to cross the quarter billion dollar threshold in 2012.
On October 3rd the company announced its Music Store for Facebook, a free app that allows CD Baby artists to sell MP3s, CDs, and Vinyl directly to fans on their Facebook page. In the first five weeks, there have been over 250,000 monthly active users utilizing the music store.
“CD Baby was there in the beginning of the internet music boom. We’ve grown along with technology and along with our artists. We’ve become the model for the new music economy,” says CD Baby president Brian Felsen. CD Baby has emerged as the only CD-based business model ever to successfully transition to a digital download based business, while continuing to grow revenues and profits each year. In 2011, only 12.8% of the company’s revenues will come from CD sales and CD distribution, with the bulk of revenues coming from music downloads and streaming.” CD Baby currently distributes over Read More
CD Baby has just launched its ‘Music Store Widget’ for artist websites, Facebook, blogs, and other online environments. The widget can handle downloads and CD sales.