Independent label organization Merlin has announced a 20 percent reduction for its membership administration fee, the fifth time in the past four years that Merlin has cuts its admin fees, which are now nearly a quarter of what they were in 2012.
In the latest pricing cut, which is effective immediately, administration fees on commercial deals drop from 2.5 percent of revenues to 2 percent. The fee covers Merlin’s operating costs for all commercial deals, including advances and royalty payments, in line with usage.
“Merlin’s members are the bedrock of our organization and following a year that saw such significant expansion in our activities, it is hugely satisfying to announce today’s 20 percent reduction in administration fees,” said Merlin CEO Charles Caldas. “We look forward to delivering even greater value in 2016 as we help our members grow their businesses in the year ahead,” he went on to say.
In 2015, Merlin — which represents over 20,000 independent labels, equivalent to approximately 12 percent of the global recorded music market — welcomed its 700th member and grew staffing numbers across its three offices in Amsterdam, New York and London.
Since forming in 2008, Merlin has licensed key digital services including SoundCloud, YouTube Red, Spotify, Pandora, Deezer and Vevo, as well as reached a number of high value copyright infringement settlements on behalf of its members with Limewire, XM Satellite Radio and Grooveshark.