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Value of the Indie Music Sector
June 20, 2016
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MiDiA recently published an interesting analysis of the independent music sector, and its contribution to the global recorded music business. The study interestingly revealed that the indie labels make up for about 37.6% of global recorded music revenue, rather than the widely assumed and underestimated 20%. This new figure is important for the mainstream and indie sectors to take note of and consider, "not for bragging rights but because in the digital marketplace, market share shapes the deals that are struck, with more market share translating into better terms." Read more on the indie music sector analysis and why it matters here.
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