Price and Wells each exited TuneCore more than a year ago. And to date, the popular flat fee digital distributor has not offered a justification for their sudden departures. Now the pair are back in business, creating a service to help artists collect their share of what they say is a huge pool of potential revenue.
According to Audium's founders, every month on YouTube 25 billion videos are viewed containing music. Of those, half generate an estimated $1.3 billion in advertising revenue that, to date, has gone to high traffic artists and labels. Audiam provides a system for those 12.5 billion views to generate ad revenue.
The beta version of Audiam is available today for artists outside of the US. The service will launch globally, early this summer.
