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Summary:

Digital music distribution firm TuneCore, based in New York City has received $7 million in funding, led by Opus Capital. TuneCore allows an…

Digital music distribution firm TuneCore, based in New York City has received $7 million in funding, led by Opus Capital. TuneCore allows any artist to upload songs on their service, via an up-front fee (and no cut on royalties), and then distribute it to services like iTunes, Rhapsody and Amazon (NSDQ: AMZN). It recently announced a distribution deal with social music service iLike. The company, founded in 2005, also says it distributes between 150 and 250 releases a day and recently expanded to distribute full-length films, TV shows, live concerts, and documentaries to iTunes and others.

Interestingly, Guitar Center, the biggest music instrument retailer, has previously done a strategic investment in the company, and CEO Marty Albertson is on TuneCore board….the retailer promotes the service through its stores. More details in release.

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  1. Why didnt I think of this
    good to see some faith being shown in hard times

  2. Charles Mendell Friday, November 7, 2008

    Tunecore has come a long way with this strategy, they may soon face competition from more commercial brands like SoundLoud and Speakerheart who can offer similar services.

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