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CD Baby has paid out $250 million to its rights owners
By CMU Editorial | Published on Tuesday 11 December 2012
CD Baby has paid out $250 million to the artists and rights owners it works for, the independent music distributor has announced. $50 million of that was paid out this year. One of the first distribution firms to specifically target bedroom labels and DIY artists, CD Baby initially helped its clients sell CDs (as its name suggests), but is now better known for helping smaller rights owners get their content into download stores and streaming platforms.
Despite operating in an increasingly competitive market place, CD Baby says it is now distributing over four million tracks on behalf of its clients. Commenting on the $250 million pay out landmark, CD Baby president Brian Felsen told reporters: “For years, we’ve been paying musicians every single Monday, but to have hit the 250 million mark for payouts, that’s a big achievement for the artists who work with CD Baby, and I want to both congratulate and thank them”.
