TuneCore Founders Jeff Price & Peter Wells Unveil Beta of Their New Company, Audiam
Audiam gets artists paid for the use of their music on YouTube.
Prior to Audiam’s launch, most artists had no access to compensation.
New York, NY (June 12, 2013) – TuneCore founders Jeff Price and Peter Wells, continuing their mission to ensure all artists get paid for the use of their music, today unveiled a beta version of their new company, Audiam.
Audiam is an online service that gets money for artists when their music is used on YouTube.
The beta version of Audiam was made available today for artists residing anywhere outside of the US. After further refinement, the service will launch globally, in full form, early this summer.
Every month on YouTube there are more than 25 billion videos viewed containing music. Of these 25 billion, approximately half generate an estimated $1.3 billion in advertising revenue that, to date, has gone almost exclusively to the major labels. Audiam provides a system to authorize the other 12.5 billion views to generate ad revenue.
For the first time, any artist can now make money from videos on YouTube that have their music in them.
Both views of videos on YouTube with music in them as well as YouTube ad revenue are projected to grow substantially over the next 18 months. [See "Morgan Stanley Thinks YouTube Will Be a $20 Billion Business" via All Things D: http://dthin.gs/170gGOb
“Until now, artists have not had the needed access to make money from YouTube—access that has almost exclusively been the world of the major labels,” said Audiam CEO and founder Jeff Price. “As we did with TuneCore, Peter and I are going to make sure every artist has access to the same services as the majors and gets their money whenever and wherever their music is used.”
Artists can check out Audiam’s beta version today at http://www.audiam.com
There is no up front cost to use the service; artists sign up at Audiam.com and upload as many songs as they like for free. Audiam then finds videos on YouTube that use those songs, authorizes YouTube to put ads on those videos and administers the artist's share of the money back to them.
Audiam also supplies YouTube information, allowing it to auto-generate buy links for the music in iTunes, AmazonMP3 and Google Play. These buy links appear just below the YouTube video.
Audiam charges a flat 25 percent administrative fee. There are no up-front costs for sign-up or uploading music.
Further details on the service, as well as new features now in development, will be announced when the service is launched.
For more information please contact Brendan Gilmartin at Chart Room Media (347) 450-3048 (Brendan@chartroommedia.com