To centralise fund raising efforts

PIAS and AIM have united to launch a new fund in aid of independent labels.

When the dust cleared on Tuesday morning (August 9th) few expected the riots in London to have affected the music industry. Yet the burning of the Sony DADC Warehouse has left independent music devastated.

Used by PIAS as a distribution point, the three storey warehouse handled music from more than 150 independent labels. Some of the finest names in British music were left shellshocked, with the likes of Domino and Warp introducing contingency plans.

However it is the smaller labels who could be driven to the wall. Existing from month to month, these imprints could suffer from a cash shortage which would leave them unable to pay their bills and - ultimately - the artists.

Fund raising efforts are ongoing, with fans holding a number of impromptu events. Now PIAS are set to unite with AIM (Association of Independent Music) to launch a new fund to centralise fund-raising efforts.

The fund will be available to anyone who wishes to contribute, and is intended as a focal-point for those wishing to help their favourite labels.

In a statement PIAS co-founder Kenny Gates thanked fans for standing by independent music. "The fund that is being put together in a matter of hours by [PIAS] and AIM demonstrates once again the strength and solidarity in the independent music community. [PIAS] will carry on engaging, helping and supporting its labels and artists in every way possible."

"I am very confident that our combined efforts will result in the smallest interruption to our collective business. Again the compassion of our recording artists, our labels and the industry wide support is amazing.”

AIM/PIAS EMERGENCY FUND BANK DETAILS:

Account Number: 07699611
Sort Code – 18 00 02 – Add any special references

Swift code – coutgb22
Iban – GB91COUT 18000207699611

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