Independent artists and labels had a 46.7% share of the global recorded music business in 2023, according to a new MIDiA Research report — 11 points higher than their U.S. share.
IMPALA and several associate national trade groups say the acquisition represents “unchecked concentration in the music market.”
The platform's refusal to work with Merlin on licensing deals sets a "dangerous precedent" for independent artists and their labels, writes A2IM's Richard James Burgess.
The Organization for Recorded Culture and Arts will develop and promote research to "underscore the significant economic, social and cultural value of music" for policymakers.
