Global rights agency Merlin has announced new figures showing its membership’s repertoire now accounts for ten percent of the digital music market.
The firm unveiled the new statistics to mark its fifth anniversary of being in business since it launched back in May 2008.
Merlin’s membership now takes in 20,000 independent labels with a catalogue of three million songs spanning 35 countries.
Recent analysis from the agency showed that its members’ repertoire accounts for more than ten percent of the digital music market. Its members’ 2012 share of streaming services will overtake this figure reaching almost 20 percent.
Further forecasts from Merlin show it expects to collect $65m (£42m) on behalf of its members from streaming alone in 2013.
Charles Caldas, Merlin Chief Executive Officer, said: ‘Seeing how strongly our members’ repertoire performs on the services that have shown the foresight to work with us, coupled with the millions of dollars in settlement revenues we have returned to our members, proves not only that any perception of independent repertoire being of inferior value is outmoded and regressive, but rather, that our members are central to the future of the digital market.’
Merlin’s membership includes labels and distributors representing the likes of The xx, The National, Vampire Weekend (Beggars Group), Animal Collective, Arctic Monkeys (Domino) as well as Grizzly Bear and Boards of Canada (Warp Records).
The firm unveiled the new statistics to mark its fifth anniversary of being in business since it launched back in May 2008.
Merlin’s membership now takes in 20,000 independent labels with a catalogue of three million songs spanning 35 countries.
Recent analysis from the agency showed that its members’ repertoire accounts for more than ten percent of the digital music market. Its members’ 2012 share of streaming services will overtake this figure reaching almost 20 percent.
Further forecasts from Merlin show it expects to collect $65m (£42m) on behalf of its members from streaming alone in 2013.
Charles Caldas, Merlin Chief Executive Officer, said: ‘Seeing how strongly our members’ repertoire performs on the services that have shown the foresight to work with us, coupled with the millions of dollars in settlement revenues we have returned to our members, proves not only that any perception of independent repertoire being of inferior value is outmoded and regressive, but rather, that our members are central to the future of the digital market.’
Merlin’s membership includes labels and distributors representing the likes of The xx, The National, Vampire Weekend (Beggars Group), Animal Collective, Arctic Monkeys (Domino) as well as Grizzly Bear and Boards of Canada (Warp Records).
