Music distribution company CD Baby has said that it has paid out $1 billion in royalties to artists since its launch in 1998.
Since its 1998 launch, CD Baby has distributed nearly 10 million songs for 1 million artists, the most tracks for any independent music distributor. According to MusicAlly, CD Baby collected $125 million in streaming revenue in 2020, which was up 13.9% from the previous year.
In 2018, the company announced it had collected $600 million for its artists. So in just four years CD Baby has collected $400 million.
CD Baby’s parent company AVL Digital Group was purchased by Downtown Music Holdings in 2019.
“For us, it’s not just about how much the top earners make, but also about what the payout means to all of the unique artists we work with who are charting their own course, based on their creative vision and their personal versions of success,” said CD Baby’s president Joel Andrew.