Music distributor TuneCore gets $7 million

Just after it announced a distribution deal with high-profile social music service iLike, digital music distribution company TuneCore has another deal to announce: it's raised $7 million in venture funding from Opus Capital.

The company works like this: musicians upload their music, and TuneCore handles the distribution to digital outlets like iTunes, Amazon MP3, and Rhapsody. TuneCore does not take any cut of the royalties; it makes money from an up-front fee for uploading an album. The funding from Opus will be used for marketing and product development, including a streaming music player that TuneCore plans to launch within a month.

TuneCore says that between 150 and 250 albums are released every day through the service, from unsigned indie bands to hot acts like Jay-Z, Moby, and MGMT.

[leeman10]

Tunecore only cover a handful of sites.
For wider coverage and new great sites like Spotify you are better off looking at someone like www.dittomusic.com
We have put two releases through them now and they have been fantastic!
They do around 700 sites in total and give you a proper release date, something you dont get elsewhere

[Nightmoore]

Just checked out dittomusic.com because of the last comment. I don't think so. The website looks like garbage and completely falls apart in Firefox. There's absolutely no way I'm trusting a music career to an Internet company that can't construct a proper website.