News Nine indie labels collectively invested $134m in artists in 2023, says ORCA-commissioned report Nine leading labels earned $1.77 for every $1 spent in 2023, and paid out $0.59 to artists, or 77% of profit.
News Indie music labels form ORCA, a think tank for ‘recorded culture and arts’ ORCA's goal is to equip policymakers, business leaders, and communities with a deeper understanding of music's significance