Next Big Sound (a/o June 18th):
Re: I'm Jeff Price. And I'm Ready to Talk About My TuneCore Departure...
Yeah... WOW... that is crazy cause in reality TuneCore is making 100,000 a MONTH at least.
I was more impressed that Jeff actually got a $7 million investment for TuneCore. Imagine what a smaller company like ADEDistribution would do with an investment like that!
The thing is, with venture capitalists and investors they EXPECT a return much greater than their investment... so they were probably pissed that they didn't make $7 million in 1 month like they THOUGHT they were going to do. So, then they take over and want to run it like a bank. Mark my words there is some financial trickery about to play out at TuneCore. They have to recoup $7 million. Don't be surprised when they HIKE the price up AGAIN or if some royalty statements come back shorter than you expected.
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