The Hidden Power Dynamics Shaping Independent Music Infrastructure
According to a new quarterly report from research firm STVDIO, released with support from Secretly Distribution, independent music now accounts for 46.7% of global recorded music revenues.

The headline number is encouraging — but the report's central argument is that market share does not automatically translate into control over the machinery that distributes, accounts for, and pays out on independent releases.
Written by STVDIO founder Benjamin James and titled Independent Music 2026: The Fight for Music's Infrastructure, the report examines who actually owns the tools and services artists in the indie sector rely on, and where the room sits for alternatives.
Major Ownership Behind an Independent Surface
The report points to deals such as Sony's purchases of The Orchard and AWAL as evidence that a release can stay "independent" in branding while running on distribution, royalty accounting, or publishing administration infrastructure owned by a major. For artists weighing services, the report argues, understanding who owns the platform matters as much as its pricing or feature list. That ownership, the report contends, brings access to valuable data and influence over how music reaches the market — leverage that compounds quietly over time.
AI Licensing as a Live Test
STVDIO frames AI music licensing as the next place where independent organizations can shape emerging standards, or fail to. The report highlights Merlin's and Kobalt's agreements with ElevenLabs as examples of opt-in arrangements that let participating rights holders share in revenue from AI uses of their catalogs.
Uptake, so far, has been thin. Secretly Distribution offered the license to more than 100 label partners, according to the report; only three labels and seven artists opted in. The report reads that gap as a sign the business case hasn't yet resolved artists' concerns about consent, attribution, and how a catalog's contribution to a model should be measured or paid for.
Where Touring Fits
For artists who spend more nights on the road than in spreadsheets, the most grounded section is the report's examples of direct-to-fan infrastructure built around live shows. It cites Mitski converting more than 200,000 fans to her mailing list through Instagram tour announcements, and Japanese Breakfast collecting hundreds of phone numbers per night using venue QR codes.
The argument is practical: releases and concerts create the moments when listeners have a reason to stay connected, and independent operators can build tooling around those moments instead of renting them from larger platforms. The report points to collective investment as a parallel path — 24 independent labels backing streaming platform Cantilever through an effort organized by ORCA, and Merlin partnering with Jamen Capital to acquire Curve Royalty Systems — as ways to preserve alternatives to major- and investor-controlled services.
It also notes specialist platforms such as Qobuz, Audiomack, and classical service Idagio as examples of services built around particular listening habits, genres, or markets rather than chasing scale. Whether that kind of focused infrastructure can scale fast enough to compete with major-owned systems remains the open question the report raises without answering.