Major & Indie Labels Likely To Suffer Major Losses

(UPDATED) Documents released as part of the recent bankruptcy filings by Playlist.com show that both major and indie labels are likely to suffer major losses. While Universal Music topped the list with an unsercured debt of $16.6 million, independent labels represented by rights licencer MERLIN made the list of top 5 creditors and are owed $1.68 million.

Top Creditors Holding Unsecured Claims

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