Portland, OR (August 3, 2010)–CD Baby has surpassed the $150 million milestone in payments to the independent artists who sell their music through the company.
Starting from beginnings in a garage in Woodstock, NY, CD Baby has become one of the world’s largest digital distributors, and expects to pay close to $40 million to artists in 2010.
“Independent artists are frequently marginalized by the music industry; these stats prove once again that collectively, DIY artists are a force to be reckoned with,” stated Brian Felsen, president of CD Baby. “And we’re picking up momentum, with new title signups doubling in recent months.”
The company added 18,000 new titles for the second quarter, up almost 70 percent from the previous year, and a record for the 12-year-old company. This growth was due, in part, to the recent launch of its digital singles program and music uploader. For only $9 per track, CD Baby will digitally distribute an artist’s song to a large network of download stores, including iTunes, Amazon MP3, Rhapsody, Spotify, CD Baby and many more.
Said Felsen, “This rapid growth proves how quickly music creators are changing their recording and release patterns to match the increased market appetite for singles. And speaking as a music fan, it’s incredible to think that every day, hundreds of talented artists are creating quality work which we’ll help share with the world.”