por Tom Pakinkis
Global rights agency for the independent label sector, Merlin, has further reduced its commercial deal administration fees for members.
As of June 1 2014, the agency’s administration fees relating to commercial deals have been reduced from 3% to 2.5%, or 3.9% to 3.25% for Merlin members who are not part of local independent trade associations. This represents a reduction of 16.67% on Merlin’s previous rates.
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) said: “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.”
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