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A whole host of independent music labels are joining together to provide an alternative to the RIAA.
Executives from more than 150 independent music companies have discussed a preliminary framework for the association, which has a working title of American Music Independents.
Those labels account for almost $2.5 billion of annual music sales in the US, or 19 per cent of the country's near-$13 billion music sales. But they have a far larger proportion of online music retailing at closer to 30 per cent of the small but growing market, executives involved in the negotiations said.
Hopefully, the addition of this new group will allow for a more representative view of the music industry, instead of bought and paid for allegiance to the majors.
Posted by Casper at April 1, 2004 01:21 PM