Posts Tagged ‘partners’

This is from our partners at Ditto Music, one of the top online music distributors in the market. It highlights one of FargoTube’s key strengths: Not only is FargoTube itself fun for fans and profitable for artists — its partnership with Ditto Music helps artists get into wide distribution quickly and easily.

Comparing digital music distributors Ditto Music, CD Baby, Tunecore, and ReverbNation

To sell music online in stores like iTunes, Amazon and Spotify has never been easier. There are several digital distribution companies out there who offer different services for unsigned artists. So we thought we would review the  market and list some feedback to our users.

Which digital music distribution companies are best?

Which distributor gets my music online quickest?

How much is the yearly fee for Tunecore / CDbaby / Ditto Music and Reverb Nation?

And loads more questions, answered here. So lets look at the top four digital distribution companies.

loads more questions, answered here. So lets look at the top four digital distribution companies.

We partner with Ditto Music on projects so have a good grasp of their services. With free barcodes and no percentages taken from sales Ditto Music come in MUCH cheaper than Cd baby or Tunecore or Reverbnation. The yearly subscription fee is $22 which and with more stores and a lower pricing, its better value than Tunecore. You can also distribute your music to iTunes free of charge, so worth testing out just for that.
Ditto were famous for having 11 top 40 singles and provide a host of label services as well as just distribution. These incude chart eligibility, label set up, SMS pre ordering and many more.

At $60 per year Reverbnation are one of the more expensive distributors. They do have a $40 per year option which covers less stores. The site states 40 online stores but when you whittle these down it’s less. iTunes has been counted 5 times and sites like Media net have been split up into individual stores to make it look like a wider reach. We make it around 21 stores in total.
Reverb Nation are good people and have some great social media tools. Its worth checking them out.

CD baby come in cheaper than Tunecore. Their pricing does seem dated though compared to other offerings. Paying a percentage of royalties seems archaic after the demise of physical sales. When sending physical copies to stores to promote, you can understand why stores take a percentage. Online, its harder to justify taking 9% of someone’s earnings, AFTER delivering their online content. CDbaby also charge for barcodes, and it isn’t cheap. It adds another $20 to your album.

Tunecore recently increased their yearly subscription , which prompted a lot of criticism. $50 per year does seem quite steep to hold music on a server. Tunecore’s model was built on not taking a percentage of artists royalties. It feels like $50 a year from each artist could be a massive percentage. If artists  earn $100 from one album, then they will pay out $50 so lose 50% of earnings. Its a lot of money. Tunecore distribute to 19 stores. This doesn’t sound too bad but for some reason they still count iTunes as 7 stores. Distributors only pay once to distribute content to iTunes, its still unclear why they break it up into 7 transactions.

We are happy to say that Ditto Music came in as the best option for digital music distribution.

To set up a free account with Ditto Music , click here

Exciting news, folks! FargoTube surpassed the 2,000-subscriber mark earlier today. It took only about 5 months for the second thousand to come in, compared to about 12 months for the first thousand.

FargoTube reached 1,000 subscribers in about 12 months, and 2,000 subscribers just 5 months later

The faster growth has come from several important partners, including Ditto Music, a premier online meta-distribution service; the tube that Eddie’s Attic set up for its Open Mic Mondays competitions; and country musician Sherrié Austin, who is launching her next album using FargoTube’s crowd-funding capabilities. Thank you to the three of them and all our other partners, and to all the artists who are monetizing their talents through FargoTube!

We’re thrilled at the revenue growth of nearly 50 percent in the fourth quarter (QoQ basis) that resulted from new Interaction clients and new FargoTube users.

As we mentioned in a press release this morning, this is in line with the forecast we gave on a conference call in December and it reflects the value that customers see Interaction and FargoTube.

Now with nearly 700 subscribers, FargoTube has expanded even more swiftly since the end of the fourth quarter, thanks partly to our partnerships with other companies whose business models are transforming music and entertainment industries. That growth will be reflected in future revenue and earnings reports as we integrate more completely with these partners.

Just talked to Paul Campbell, our chief operating officer. He and SVP for Business Development Stephanie Miller just got back from Nashville, where they continue to build solid relationships that help accelerate FargoTube’s growth.

One of their meetings was with Will Carter, CEO of Music Starts Here. The organization describes itself as

“Nashville’s community, city and industry-sponsored initiative designed to help artists, songwriters, musicians, technicians and industry professionals (‘Musers’) simplify and streamline the craft and business of making music in and through Music City. To provide an ongoing, relevant and comprehensive resource portal for those looking to pursue their goals and dreams in music helps musicians get into the scene and after they arrive from elsewhere.”

Part of that, of course, is building a financially sustainable career, which is where FargoTube comes in.

Music Starts Here has produced 400+ video tutorials for Nashville newcomers across a wide range of topics. Music Starts here currently pays to deliver these videos via VIMEO, but will begin shifting to FargoTube. With our platform, Music Starts Here can reduce its costs, while creating a new business model that helps it to expand its activities that support young artists. Plans are to deliver some videos free of charge for promotional purposes, while providing more in-depth interviews and workshops on a pay-per-view basis.

Working with MusicStartsHere is exciting and energizing. The organization’s interest in FargoTube is also validation that our platform is the most useful and flexible in giving its customers in the entertainment industries the tools necessary to support and expand their businesses.

Of course, Paul and Stephanie also met with a range of songwriters, producers and musicians in Nashville, including representatives from the label of a country musician who has sold more than 10 million records during his career. We’ll let you know what comes out of those discussions.

A partnership we just signed for FargoTube continues to build out its ecosystem of profitability, creativity and connection for musicians.  The company is Gig Launch, a unique online booking agency based near Perth that connects musicians with promoters and concert venues throughout Australia and beyond.

FargoTube has a growing web of such partnerships. Our partnership with Ditto Music helps do-it-yourself artists and indie labels get into global music distribution through iTunes and other online music stores. The partnership we recently signed with Music2Q helps them license their music for films, TV shows and video games. And musicians who play at Atlanta’s renowned Eddie’s Attic now have an online venue for selling recordings of live performances.

The partnership with Gig Launch helps musicians gain live exposure by promoting their music via live shows and contests.

We plan to continue expanding this web so that musicians and other independent entertainers and copyright owners can keep expanding their fan bases and their revenue streams.

As noted separately in a press release this morning, FargoTube and Music2Q, a service that connects independent musicians with potential licensees in the film, television and video-game industries, are launching a strategic partnership.

This is important both for FargoTube and for the independent music community because Music2Q, like FargoTube, represents a growing revenue segment at a time when traditional revenue streams are narrowing.  In this new environment, musicians have to be scrappier and more business-savvy. Helping them reach new fans and generate income in this environment are fundamental goals for both of our companies. Joining forces allows FargoTube artists to tap into the lucrative business of licensing music for movies, television and electronic games.

Some specifics of our partnership:

  • A free subscription to the website, valued at $120, to be awarded to a randomly selected finalist at each Open Mic Monday held at Eddie’s Attic, the Atlanta area’s top venue for singer-songwriters and acoustic music;
  • Discounted subscription rates to Music2Q for all musicians using the FargoTube platform; includes a revenue-sharing arrangement for all business driven through FargoTube.
  • Music2Q becoming an affiliate to assist FargoTube in expanding into the film industry by leveraging its numerous connections.

As you probably know by now, FargoTube gives independent artists their first opportunity to profit directly from their creative works in the setting of a social network. Musicians, filmmakers, remote instructors and other artists can upload their content free of charge and then make it available on a per-view, per-media file and/or subscription basis, setting prices and receiving 70 percent of the resulting revenue.

An F3 investor asked me whether we’ve finished streamlining the processes of creating a community on Interaction Community Systems and uploading content to FargoTube.  The answer is “no,” but we’re getting close, and we expect both updates to go live in mid-October.

The gist of the Interaction update is that homeowners associations, property managers, churches and other membership-based groups can set up their online communities without having to call us. A community representative enters its information — including members’ names, addresses, and e-mail addresses — and can start using Interaction almost immediately. The representative also provides credit-card information, though we don’t charge during an initial 30-day trial period.

The new process will save us staff time, and we believe most clients will find it much more convenient, though they’re still welcome to call us if and when they need assistance.

The FargoTube update goes beyond the streamlining of content acquisition, but I’ll discuss only that one aspect here and now:

The new interface will walk the content owner through the process step by step. It will focus on the content, rather than the social network built around that content. Content owners will still have the option to create social networks — known as “fan sites” — around their content, either immediately or later, and we strongly encourage that because it helps to make FargoTube a unique experience for fans. But we also want to keep the content owner from feeling overwhelmed at the beginning.

The site’s new organization will also encourage users to check out videos that they might not have discovered otherwise, for example by displaying links to the fan sites of artists in the same genre as what the user has been viewing.

In the meantime, a new module to go live within a few days will allow content owners to set up online stores to sell t-shirts, coffee mugs and other paraphernalia.

Two pieces of big news today for Interaction Community Systems, our platform for managing communications and finances for homeowners associations.

You may have seen our press release this morning about our new relationship with TransFirst, the national payment processor. TransFirst processes $30 billion in transactions annually. The company has a special focus on community banks, which the Federal Deposit Insurance Corp. defines as institutions with assets of less than $1 billion. HOAs and property managers are local entities by definition, making them bread-and-butter customers for community banks. So it’s safe to assume that several million of the $30 billion is in the form of HOA dues and HOAs’ payments to landscapers, roofers, plumbers, property managers and other vendors. The Interaction platform probably won’t be exposed immediately to all of that, but F3 will try to expand the relationship if all goes well.

Fewer of you probably saw Interaction mentioned in the fifth paragraph of the August 20 article in the Chicago Tribune (circulation 515,000) about the trend toward automation and digitization among HOAs and property managers. I myself saw it just this morning.

Here’s the article’s “nut graf,” journalistic lingo for the summary paragraph following the lead-in anecdote about a paperless property manager:

“Over the past decade, community associations have been performing more and more of their operational tasks electronically. Owners go online to pay assessments, request maintenance, read the monthly newsletter and download the rules. Managers move money, solicit bids and send reports. Procedures like these save money and labor by providing easy storage and transfer of information and less time spent on the telephone.”

It’s worth noting that Interaction performs all of the tasks that I italicized in the passage above, and a lot more. It also lets administrators prepare accounting reports for analysis, and includes several functions found in more purely social networks — messaging, “walls” and photo sharing, for example.

Just a quick post here to answer two investors’ question about our affiliation with Goldfinger Creative Services, the marketing agency based here in the Atlanta area. Press releases that we put out in mid-May and late June mentioned the relationship only in passing.

The affiliation is in good shape, and bearing more fruit than I had realized. Our CEO Frank Connor just told me that Goldfinger has sent us a couple of partners who are likely to use FargoTube. By “partners,” I mean content owners who use or plan to use FargoTube, our revolutionary platform for the profitable online video distribution. We don’t call them “clients” or “customers” because end users are typically the ones who pay the monthly subscription fees.  We split that revenue with the owner of each respective tube on FargoTube. Goldfinger and other affiliate organizations receive a percentage of the revenue generated by the content those new partners post on FargoTube.

Our biggest “sales” efforts so far have been in signing up these partners so they’ll create tubes, post content and draw lots of users. Our broader marketing campaigns, including the one we expect to launch in August, will also target end users.

Back to Goldfinger C.S. — Goldfinger has helped us out with branding messages, including catchy slogans like FargoTube’s “Reap what you show,” a reference to FargoTube’s ability to monetize online video through subscriptions and other fees. Goldfinger has also given us input on some of our logos.