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Indie Distributors Are The New Hot Asset.

Authors :
MARSHALL, ELIZABETH DILTS
Leight, Elias
Source :
Billboard. 8/31/2024, Vol. 136 Issue 13, p21-22. 2p. 1 Cartoon or Caricature.
Publication Year :
2024

Abstract

Independent music distributors are becoming increasingly sought after by investors and major music companies, such as Warner Music Group. Stem, a popular indie distribution platform, is currently in the early stages of its largest fundraising round, while other distributors like gamma. and Downtown are exploring potential sales. The growing influence of artificial intelligence in music-making and the changing attitudes of next-gen creators towards independence are driving these distributors to seek funding. Non-major labels and self-releasing artists now hold a 36.7% share of the global recorded-music market, prompting major music companies to make acquisitions and investments in this sector. [Extracted from the article]

Details

Language :
English
ISSN :
00062510
Volume :
136
Issue :
13
Database :
Academic Search Index
Journal :
Billboard
Publication Type :
Periodical
Accession number :
179523198