a group of independent music companies and record labels have come together to back music app start-up Cantilever. The support package includes investment of £250,000 from twenty investors, made up of independent record labels and individual investors from those labels.
As part of the European Commission’s conditions for approving Universal Music Group’s acquisition of Downtown Music Holdings, Curve Royalty Systems has to be sold and news in today is that UMG has agreed a sale with Merlin and Matt Spetzler’s Jamen Capital, ensuring the royalty platform returns to independent ownership.
It’s IndieWeek time in New York, congratulations to Ian Harrison and Lisa Hresko for their first edition as A2IM’s CEO and COO. Come and find us IMPALA at the A2IM AGM, at WINHUB and the Libera awards as well as at the conference.
Originally published in English earlier this year, WIN is now making the Executive Summary available in 5 additional languages (Spanish, French, Portuguese, Japanese, and Korean) so that trade associations, independent music businesses, and stakeholders worldwide can use it to advocate for targeted regulation and sector collaboration.
IMPALA is the European organisation for independent music companies and national associations. The sector is made up of micro, small, medium businesses and self-releasing artists. They are world leaders in terms of innovation and discovering new music and artists. Independents account for more than 80% of all new releases in Europe and 80% of the sector’s jobs. More info…
