Merlin, a new trade body founded a year ago with the aim of representing the rights of independent labels worldwide, announced on Wednesday that its membership has grown to over 12,000 labels, representing over 8% of the U.S. market -- equal to that of major label EMI Music. The group claims to now be in essence a "fifth major label," and said it is currently in discussions with Last.fm (NYSE: CBS) and MySpace (NYSE: NWS), as well as other major digital companies, to ensure competitive remuneration for independents worldwide. Globally, independent labels collectively account for just under 30% of the total music market, and 80% of all new releases.http://www.dmwmedia.com/news/2008/06/11/indie-label-consortium-merlin-claims-"major"-status
No comments:
Post a Comment