A new report by IMPALA finds "significant risks" for the indie sector's cultural diversity due to the proposed Downtown acquisition by UMG's Virgin Music.
The report, titled Universal/Downtown – Why does it matter from a cultural diversity perspective?, analyzes the independent sector's contribution to diversity, including new release genres and marketing investment.
The proposed Downtown acquisition carries "significant risks for both the quantity and diversity of independent releases"
Author's summary: IMPALA report warns of risks to indie sector's diversity.