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October 26, 2008 9:01 PM PDT

Music distributor TuneCore gets $7 million

by Caroline McCarthy
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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.

Caroline McCarthy, a CNET News staff writer, is a downtown Manhattanite happily addicted to social-media tools and restaurant blogs. Her pre-CNET resume includes interning at an IT security firm and brewing cappuccinos. E-mail Caroline.
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by leeman10 May 11, 2009 4:25 PM PDT
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
Reply to this comment
by Nightmoore July 30, 2009 2:42 PM PDT
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.

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About The Social

CNET News' Caroline McCarthy is a downtown Manhattanite who believes that, despite popular opinion, the Web can actually help your social life. She's happily addicted to fun social-media tools from Twitter to Yelp to Facebook, sends an inordinate number of text messages, and has a tendency to waste time at the office reading restaurant blogs. Here, she explores all facets of the Web's gregarious side, as well as the unique tech culture in her home city of New York. (Don't call it Silicon Alley.)

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