Believe Digital has licensed YouTube’s new subscription service on behalf of its clients, but the company’s CEO Denis Ladegaillerie says his fellow indies’ fight for better terms is to be commended.

In a leaked memo to clients today, Believe explained that it had signed a deal with YouTube which involved no monetary advance - and ‘significantly’ improved royalty rates for clients.

And in a first-person note to the same partners, Ladegaillerie (pictured) showed solidarity with those independent labels, represented ...