Independent label agency Merlin has further reduced commercial deal administration fees for its members.
As of June 1st 2014, the agency’s administration fees have been reduced from 3% to 2.5%, or 3.9% to 3.25% for Merlin members who are not members of local Independent Trade Associations. This represents a reduction of 16.67% on Merlin’s previous rates.
These reducations only apply to commercial deals; due to the cost and nature of obtaining settlements and recoveries from infringing services, administration fees relating to those activities remain unchanged.
Merlin CEO Charles Caldas (pictured) commented: “It is very satisfying to be able to announce another reduction in these fees after the 50% reduction we made in 2013, and we trust that this further underlines our commitment to continuing to deliver the maximum possible value to our members via our activities.”Music Business Worldwide
