INDIES - SIZE MATTERS IN THE DIGITAL MODEL
"If you are Universal, you can restructure," Universal Music Group International COO Max Hole said at the launch of the IFPI report. "If you are an indie all you can do is to close down. They used to be half of the market [in Japan] and that's declined dramatically."

It was a stark warning that cut to the heart of the digital challenge. The major labels have scale on their side and ...