AMSTERDAM, NL (CelebrityAccess) — Merlin, a global digital rights agency for indie labels announced that they are substantially reducing their administration fee for their members.
Effective immediately, the rate for commercial deals has been slashed by 25% – dropping from 2% to 1.5% of revenues. This marks the sixth time in five years that the agency has reduced their administration fees, which were initially 7%.
At the same time, Merlin states that their royalty distribution from members has increase from $36m in 2012 to $300m in the past 12 months.
The news of the reduction comes just days after the rights organization struck a multi-year global license agreement with streaming music giant Spotify.
Merlin reps more than 800 label and distributor members, which themselves represent thousands of indie labels around the world, such as Secretly Canadian, INgrooves, Because, Redeye Worldwide, Domino, Kontor Records, Kobalt Music Recordings, [PIAS], Beggars Group and Eleven Seven Music. – Staff Writers