Music Australia has unveiled the inaugural recipients of the Record Label Development Scheme, a pioneering endeavor designed to bolster Australian labels actively championing local talent. The substantial $1,732,000 investment will benefit 23 record labels, ranging from independent entities to major label subsidiaries, facilitating the creation of new recordings, digital content, artwork, marketing campaigns, production, artist development, and more.
Notably, the artists involved in the scheme will also receive support through a 10% non-recoupable artist creation fee. Furthermore, record labels are encouraged to embrace environmentally sustainable practices in manufacturing, aligning with Green Music Australia’s guidelines on eco-friendly physical music products.
Millie Millgate, Director of Music Australia, emphasized the pivotal role of record labels in nurturing artists within the contemporary music landscape. She highlighted the scheme’s broader impact, foreseeing a ripple effect of support benefiting a minimum of 83 Australian acts, underscoring the interconnectedness of the music industry ecosystem.
The Record Label Development Scheme aims to empower Australian labels of all sizes and genres to remain competitive, support their artists, and enrich the dynamic Australian music scene. The initiative is a strategic move to safeguard and bolster the pivotal role that record labels play in artist development, particularly in a challenging environment for breaking new talent.
The list of awarded labels includes a diverse array of entities such as Anti Fade Records, BMG Australia, Future Classic, and more, showcasing a mix of established and emerging players in the Australian music landscape. This diverse selection reflects the scheme’s commitment to supporting a wide spectrum of labels and genres, ensuring a vibrant and inclusive music industry.
Established in 2023 under the umbrella of Creative Australia, Music Australia serves as a dedicated entity to champion and invest in Australian contemporary music. The Record Label Development Scheme stands as a testament to the organization’s commitment to fostering a thriving music ecosystem in Australia, ensuring sustainable growth and support for local talent.
For media inquiries, please contact Brianna Roberts, Media Manager at Creative Australia, via mobile at 0498 123 541 or email at brianna.roberts@creative.gov.au. The unveiling of the Record Label Development Scheme heralds a new chapter in the Australian music industry, offering a lifeline to record labels and artists alike, fostering creativity, innovation, and sustainability in the ever-evolving music landscape.
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