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Midem updates: A business keynote, TuneCore’s CEO, and an indie label report

Here’s a collection of some noteworthy developments emerging from Cannes, where the music industry has descended for the Midem conference. The opening keynote for the event gathered several industry leaders to talk about the future of the music business. TuneCore CEO Scott Ackerman also gave a talk and the Worldwide Independent Network released a report. Continue Reading

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UK indie labels seeking to join forces behind a new playlist brand

We’ve seen some trend pieces in the past month discussing just how important it is for artists’ success to secure spots on streaming services’ popular playlists. The indie community has recognized this and is preparing to jump on the bandwagon. The Association of Independent Music in the UK has issued a request for proposal seeking an entity to operate a streaming music playlists brand focused on indies. Continue Reading

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Streaming income driving growth for Merlin members

Indie licensing agency Merlin conducted a survey of its members and found that digital service revenue increased in 2014 for nearly three-quarters of its respondents. Digital revenue now accounts for more than half of overall income for more than half of Merlin’s members. The survey pointed to streaming and subscriptions as key factors in the growing digital revenue. Continue Reading

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The Orchard adding royalty processing as more indies seek control

Indie distribution company The Orchard announced that it has purchased RoyaltyShare, a royalty-processing service, and made a strategic investment in a second royalty processor, Korrect. Thanks to the combined elements of those businesses, The Orchard will be providing a standalone royalty processing service for independent record labels. Business management has been a pivotal topic for independent artists as more listening happens in the online space, especially with the popularity of streaming platforms. Continue Reading