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Deal brings TuneCore Artists to fast-growing markets, giving opportunity to get "Big in Japan" (Singapore, Thailand, Taiwan, Hong Kong, Macao and Malaysia, too)
NEW YORK, May 1, 2014 /PRNewswire/ -- Driving new opportunities for independent artists to succeed in the rapidly growing Asian music market, TuneCore today announced that it has become a major distribution partner for KKBOX, the largest digital music subscription service in the region. As of May 1, music distributed through TuneCore will be available to consumers throughout Japan, Singapore, Thailand, Taiwan, Hong Kong, Macao and Malaysia as part of KKBOX's popular digital music subscription service.
The KKBOX deal furthers TuneCore's goal to bring more music to more people around the world, while also increasing revenue-generating opportunities for artists who partner with the company to get their music heard globally. The new relationship gives TuneCore Artists a unique opportunity to reach KKBOX's 200 million subscribers, a number that is expected to grow as the service pursues aggressive expansion plans.
KKBOX is a top driver of digital sales in the region with a library of over 10 million music tracks from more than 500 major and local music labels and publishers. Bringing additional value through a print music magazine, original editorial, exclusive artist videos, innovative community features and live concerts, KKBOX is also widely recognized as a key influencer for popular music audiences.
"With more and more consumers using digital music services across a growing number of smartphones and devices, Asia is an incredibly exciting market that is ripe with opportunity for TuneCore Artists," stated Scott Ackerman, President and COO of TuneCore. "We're excited to be a major US-based music distribution partner for KKBOX and offer artists entry into a region where getting distributed has often been a challenge regardless of high consumer demand."
"TuneCore has proven to be an ideal partner for KKBOX, with strong technology and a stellar reputation as a leader in digital music distribution," commented Alex Wang, Managing Director, KKBOX. "Following our success with TuneCore Japan, establishing a worldwide relationship with TuneCore is a natural next step, and we are confident our large and growing subscriber-base will be a valuable music discovery platform for TuneCore Artists."
TuneCore brings more music to more people, while helping musicians and songwriters increase money-earning opportunities and take charge of their own careers. The company has one of the highest artist revenue-generating music catalogs in the world, earning TuneCore Artists $405.6 million on 6.1 billion streams and downloads since inception. TuneCore Music Distribution services help artists, labels and managers sell their music worldwide through iTunes, Amazon MP3, Spotify, Google Play, and other major download and streaming sites while retaining 100% of their sales revenue and rights for a low annual flat fee. TuneCore Music Publishing Administration (based in Burbank, CA) assists songwriters by administering their compositions through licensing, registration and worldwide royalty collection, including collection of YouTube revenue in partnership with INDMUSIC. TuneCore is based in Brooklyn, NY and is backed by Opus Capital and Guitar Center. For more information, visit www.tunecore.com.
KKBOX is the leading provider of digital music subscription services in the Asia region, featuring over 10 million music tracks from over 500 major and local music labels and publishers. It also hosts the largest Chinese music library in the world. KKBOX offers unlimited and on-demand music; with a single monthly subscription fee, subscribers can stream music online and cache songs on their PCs and smartphones for offline access. The service is available in Japan, Singapore, Thailand, Taiwan, Hong Kong, Macao and Malaysia, where most of the region's pop-music stars and hit songs are produced and marketed. With its advanced product technology and strategic equity partnerships, KKBOX is aggressively expanding to other Asian markets. More information about KKBOX: http://www.kkbox.com/about.
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