After reaching a valuation of $1.3 billion via a fundraise, music distribution platform DistroKid is entering the music video market with the launch of DistroVid.
The DistroVid platform, currently soft-launched in beta, will allow artists to upload an unlimited amount of music videos to various platforms and keep 100% of their earnings. Artists who upload music videos via DistroVid will have their videos distributed to Apple Music, Vevo, Amazon Music and Tidal.
The price point of DistroVid appears to be going through some fine-tuning. A DistroVid introduction page says that for a basic account for one artist, DistroVid will charge $99 per year, and that every additional ‘artist slot’ is then $49 per year (on top of that base $99 subscription). However, on the official DistroVid homepage, the fee is listed $129 per year, which includes unlimited video uploads for a single artist. A 50% discount is offered for each additional artist.