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MIDiA: State of the independent music economy: Fragmentation AND consolidation

DATE POSTED:November 4, 2024
Non-major labels are firmly streaming-first, with it accounting for the majority of their income and Spotify being more than half of it. However, they also feel streaming has its challenges – 87% of non-major labels feel it is becoming more difficult to get artists to cut through and 78% find it difficult to retain fan interest. Source: State of the independent music economy: Fragmentation AND consolidation