Though the premise of the panel made it sound like the indie world was a dire place, the fact is still that more and more of its high profile releases are now chart toppers and major category Grammy winners. As such, for this panel which had a number of label people, managers and band members in the audience, moderator Jason Reynolds (manager of Fairfax Recordings) noted this phenomenon and wondered what was the key to long term survival for these labels that have thrived.