Global think tank and advocacy group ORCA (Organization for Recorded Culture and Arts) has released a first-of-its-kind report revealing how independent labels generate tangible value and income for artists through long-term partnerships and investment. It shows that in 2023, these labels invested $134 million that supported 569 artists across different genres and geographies, generating a combined revenue of $239 million.
Source: Indie Labels Return 77% of Profits Back to Their Artists—STUDY