CD Baby is an online music store specializing in the sale of CDs and digital music downloads from independent musicians to consumers. The company is also a digital aggregator of independent music recordings, distributing content to several online digital music retailers.
CD Baby has achieved recent value as one of the few sources of information on physical CD sales in the independent music industry, surprising analysts by reporting continued increases in independent CD sales all the way through its most recent report at the end of 2008, apparently showing that independent CD sales move separately from the major label sales reported in the press.
CD Baby was the trading name of Hit Media, Inc., a Nevada Corporation founded by Derek Sivers in 1997. Sivers sold CD Baby to Disc Makers in 2008 for what Sivers has reported to be $22 million, bequeathing, upon Sivers' death, the principal to a charitable trust for music education.; while alive, according to Sivers, it "pays out 5% of its value per year to me."
The firm currently operates out of Portland, Oregon. CD Baby allows artists to set their price point for selling physical compact discs – CD Baby retains $4 of every CD sale, the remainder gets paid out to the artist on a weekly basis. They also charge a one-time $49 setup fee per album and $9.99 per single song, in contrast to other competitive models from RouteNote, ONErpm and Tunecore.
Read more about CD Baby: History, Statistics, In The News
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