Wednesday, June 14, 2017

Spotify finally pays off for indie labels, YouTube still doesn’t

Digital rights agency Merlin last week released the results of its 2017 member survey. The good news is that even though nobody buys albums, revenues from digital music are increasing. Merlin paid revenue out in the amount of 353 billion dollars over the last year, which accounts for 64 percent of its client’s total earnings. That’s up 18 percent from last year’s findings. Merlin’s survey represents over 20,000 independent record labels, which is a 12 percent chunk of the market. That is a huge portion, the largest not represented by the ‘big three’ of Sony, Warner, or Universal Music Group.…

This story continues at The Next Web

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