For years now, we have been at the mercy of the major three record labels. Fat cats, Warner, Sony, and Universal, have aggressively commanded a disproportionately high share of music in the western world that has seen 75(+)% of the industry at the mercy of pure ‘profit-passionate’ executives. However, recent figures published by AIM (the Association Of Independent Music) actually set the record straight and prove that 2013 has been a great year for the indie underdogs.
During 2013 independent record labels have claimed a 26.4% market share for album releases, whilst they only own 13% of this years top one hundred single releases. In fact indies have been seeing an average growth of 19% year-on-year. Domino is an example of one of these. Beginning in the early 2000’s, they have risen from obscurity to become one of the biggest players after investing in acts such as the Arctic Monkeys, Franz Ferdinand, Hot Chip, and Alex Turner.
Here at The Pro Audio Web Blog we are relishing this great news, and we are really looking forward to seeing even more growth in 2014.
For years now, we have been at the mercy of the major three record labels. Fat cats, Warner, Sony, and Universal, have aggressively commanded a disproportion...