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Business News Digital Labels & Publishers
Merlin reduces admin fees, hires new Finance Director
By Chris Cooke | Published on Wednesday 26 April 2017
Fresh from announcing its new deal with Spotify, indie-label repping digital rights agency Merlin made a number of announcements at AIM’s Music Connected event this morning, including a reduction in its admin fee and a new Finance Director.
Merlin, of course, represents thousands of indie labels and distributors in the digital domain, negotiating template deals with streaming services on behalf of affiliated companies. Announcing that its admin fee would drop again, by a quarter, to 1.5% of revenues, Merlin said that this move reiterates its “continued commitment to deliver ever greater efficiencies for its label and distributor members”.
Helen Alexander, most recently Director Of Operations And Business Development at the Warner Bros film firm, is Merlin’s new Finance Director. She will report into Merlin chief Charles Caldas and will oversee the agency’s finance, royalty and operations functions, and lead on further development work to increase the efficiencies of the organisation.
Says Caldas about today’s announcements: “On the back of our new agreement with Spotify, I am proud to announce yet another reduction in our administration fee. Together it means Merlin continues to deliver maximum value to our members’ digital business, and highlights our ongoing commitment to provide ever greater efficiencies”.
He goes on: “This service level will be further enhanced by the appointment of Helen Alexander as Finance Director. Helen is a key addition to our team. She brings with her a wealth of experience and, at a time of explosive global growth in our market, will ensure that all internal finance, reporting and operations processes continue to run smoothly”.
