A report based on data from nine prominent independent labels found that independent recorded music companies generate "tangible value and income for artists through long-term partnerships and investment." In 2023, the participating labels generated $239 million in revenue, with 33.5% ($79.9m) distributed to artists. That investment supported the careers of 569 artists across genres and geographies.
The report, 'The Economic and Social Impact of Independent Record Labels', commissioned by global...

The American Association of Independent Music (A2IM) has promoted General Manager Lisa Hresko to the position of Chief Operating Officer. In addition, Hresko has been appointed as the first President of the Foundation of Independent Music by its board.
A2IM said Hresko has been "pivotal" in the New York-based organisation's growth since 2017. "Over the past eight years, she has helped guide A2IM through a period of growth and transformation, helping to strengthen the organisation’s advocacy pos...

Dutch independent music company Armada Music has acquired the rights to the entire recording catalogue of British singer, songwriter, and DJ Sonique. Terms of the agreement were not disclosed.
Armada Music said the acquisition paves the way "for a new era of growth and exposure for her timeless music," and will "amplify the legacy of Sonique’s iconic catalogue, bringing her defining records to the forefront through high-impact re-issues and fresh remixes from some of electronic music’s most infl...