Believe Hits €1 Billion Digital Music Sales
08 February 2023 - 4:30AM
Believe Hits €1 Billion Digital Music Sales
Believe Hits €1 Billion Digital Music
Sales
Paris, February 7, 2023 – Believe, one
of the world's leading digital music companies, announces
today it has surpassed the milestone of
€1bn of digital music sales (DMS1) for 2022, confirming the success
of the Group’s model and commercial strategy to best serve artists
and labels at all stages of their
career.
Believe’s Digital Music Sales (DMS) represent
the recorded music digital sales of the artists supported by the
Group, directly or through their labels. The milestone of €1bn
yearly DMS in 2022 is a testament to Believe’s original vision and
appeal to artists and labels as the best partner to accelerate
their careers.
Denis Ladegaillerie, Founder & CEO,
Believe, said, “We are proud to celebrate this milestone
as a mark of Believe’s artists and labels’ continuous success. It
is a tribute to the strength and passion of our two hearts: our
artists, at all stages of their career, who create vibrant music
that fans connect to and are inspired by, and our people, who put
their digital expertise and technology at their service with
respect, fairness and transparency. Our digital expertise and
innovation, our deep relationships with our streaming
partners have delivered great results for our artists and labels,
helping them grow their audiences and their streams at a much
faster rate than the market. Delivering best-in-class products and
services to all artists, from DIY to established to top artists and
shaping the future of the music industry by contributing to build
strong, thriving and diverse local music ecosystems is what we
stand for.”
Believe supports over 1 million artists at all
stages of their careers worldwide. Music creators and
self-releasing artists benefit from TuneCore’s services to develop
their audiences across more than 150 stores via Believe’s Automated
Solutions offering. Believe’s Premium Solutions services include
Label & Artist Solutions, which supports labels and mid-level
to established artists through distribution and light touch
marketing, and Artist Services that also provides marketing and
promotion strategy and execution to top artists.
This multi-tier offering, along with outstanding
expert teams, best-in-class proprietary technology and strong
long-term partnerships with digital service providers, allows
Believe’s artists and labels to monetize their music at best at all
stages of their development. The Group thus contributes to building
a diverse, equitable and healthy music ecosystem where all local
artists and labels can build sustainable careers in the digital
world.
Lyor Cohen, Global Head of Music,
YouTube, commented: "This milestone is huge! It is yet
another sign of Believe's commitment to build a sustainable digital
ecosystem for every artist in the world -- a mission that we not
only honor but also share through our long term partnership. We are
proud to work alongside Believe and look forward to continuing to
innovate together, bringing music to fans everywhere.
Congratulations!“
Jeremy Erlich, Vice President &
Global Head of Music, Spotify, commented: “Believe is a
valued partner and we congratulate them on this incredible
milestone. Enabling artists to live off their work is core to our
mission at Spotify, and we’re proud to have played a part in
helping Believe artists find, connect with, and grow their fan
bases around the world.”
Rishi Mirchandani, Vice President,
Licensing and Strategy, Amazon Music, commented: “We are
proud to work with Believe and provide more opportunities for
artists around the world to grow their careers and audiences.
Congratulations to Believe for this milestone, and we look forward
to finding more ways for artists and labels to share and promote
music together.”
=======About
Believe Believe is one of the
world’s leading digital music companies. Believe’s mission is to
develop independent artists and labels in the digital world by
providing them with the solutions they need to grow their audience
at each stage of their career and development. Believe’s passionate
team of digital music experts around the world leverages the
Group’s global technology platform to advise artists and labels,
distribute and promote their music. Its 1,610 employees in more
than 50 countries aim to support independent artists and labels
with a unique digital expertise, respect, fairness and
transparency. Believe offers its various solutions through a
portfolio of brands including TuneCore, Nuclear Blast, Naïve,
Groove Attack and AllPoints. Believe is listed on compartment A of
the regulated market of Euronext Paris (Ticker: BLV, ISIN:
FR0014003FE9).www.believe.com
Press contacts: Manon JESSUA –
manon.jessua@believe.com Yousr ABASSI –
yousr.abassi@agenceproches.com | Cell: +33 6 99 45 48 64
Investor Relations
contact: Emilie MEGEL – emilie.megel@believe.com |
+33 6 07 09 98 60
##
1 DMS is the revenue generated from digital
store partners and social media platforms before royalty payment to
artists and labels.
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