#150439 by Klma
Thu Jul 21, 2011 10:48 am
Thu Jul 21, 2011 10:48 am
Musicnotes.com, the worldwide leader in downloadable sheet music, announced today that sales of digital sheet music at the Musicnotes.com website increased by 27% in the first half of 2011. In addition, on June 27th the company sold its 10 millionth download since the launch of Musicnotes site's initial site in 1999.
Growth in 2011 has accelerated modestly from the 25% growth recorded in 2010 and sales have benefited through the addition of great new music from artists like Adele, Laura Story, Christina Perri and the hit TV series 'Glee.' In addition, Musicnotes' free iPad app has been downloaded over 100,000 times since being introduced in 2010, providing customers the mobile access to their sheet music libraries they increasingly desire.
"We are pleased with 2011 results to date and passing 10 million downloads was an important milestone," said Musicnotes Chairman and CFO, Tim Reiland. "Looking ahead, our dedicated team is working hard on site enhancements to further improve the Musicnotes.com experience for our 2.5 million customers – many of which are scheduled to launch in the second half of 2011."
Musicnotes, Inc. estimates total sales should approach $15 million in 2011 while royalty payments to publishers and songwriters should exceed $5 million. The company is targeting significant site enhancements to be rolled out between now and early 2012.
About Musicnotes: Musicnotes, Inc. offers an online catalog of 100,000 digital sheet music titles, built on the strength of content agreements with Alfred Publishing, Universal Music Publishing Group, EMI Music Publishing, Faber Music Ltd, Sony/ATV Publishing, Disney Music Publishing, Cherry Lane Music Company, Peermusic, Word Music, EMI Christian, Bug Music and many others. Musicnotes is featured in Internet Retailer Magazine’s list of the Top 500 Online Retailers and is one of the top 50 American Music Products Retailers according to Music Trades Magazine.
Growth in 2011 has accelerated modestly from the 25% growth recorded in 2010 and sales have benefited through the addition of great new music from artists like Adele, Laura Story, Christina Perri and the hit TV series 'Glee.' In addition, Musicnotes' free iPad app has been downloaded over 100,000 times since being introduced in 2010, providing customers the mobile access to their sheet music libraries they increasingly desire.
"We are pleased with 2011 results to date and passing 10 million downloads was an important milestone," said Musicnotes Chairman and CFO, Tim Reiland. "Looking ahead, our dedicated team is working hard on site enhancements to further improve the Musicnotes.com experience for our 2.5 million customers – many of which are scheduled to launch in the second half of 2011."
Musicnotes, Inc. estimates total sales should approach $15 million in 2011 while royalty payments to publishers and songwriters should exceed $5 million. The company is targeting significant site enhancements to be rolled out between now and early 2012.
About Musicnotes: Musicnotes, Inc. offers an online catalog of 100,000 digital sheet music titles, built on the strength of content agreements with Alfred Publishing, Universal Music Publishing Group, EMI Music Publishing, Faber Music Ltd, Sony/ATV Publishing, Disney Music Publishing, Cherry Lane Music Company, Peermusic, Word Music, EMI Christian, Bug Music and many others. Musicnotes is featured in Internet Retailer Magazine’s list of the Top 500 Online Retailers and is one of the top 50 American Music Products Retailers according to Music Trades Magazine.