Independent Label Market, London, December 2011
During the recent UK riots, the rioters destroyed the entire stock of 165 independent record labels at the Sony Warehouse in Enfield.
Today I went up to the historic Spitalfields Market in London, where in addition to the usual Christmas market, there was a special Independent Label Market. It was held in association with AIM, to support the labels that lost their stock.
Labels are apparently still feeling the effects of this stupid vandalism – back catalogues have been wiped out and hundreds of thousands of CD and vinyl sales lost.
Joe Daniel, founder of ILM and Angular Records said: ‘We’ve spent the last couple of months getting back on our feet and I hope this market will be a chance for the labels to recover some of the ground lost in August and September when we had no stock. It will also be a great way to celebrate independent music in 2011 whilst wearing a silly hat and enjoying some nice mulled wine.’
There were about 30 stalls from the labels, mostly stocked with vinyl and CDs. If anything, it was less interesting than the previous Independent Label Market. I’m still concerned that so many of the labels are apparently still focusing on vinyl – it’s intrinsically a steadily declining market. I hope that the labels are also looking to the future and working on ways to make money from downloads. If they don’t, they’ll all be gone in five years’ time.
A set of pictures can be seen HERE.