Chrysalis predicts strong 2011
By Chris Malone
Independent music publisher Chrysalis suggested that 2011 could be a good year ahead of its preliminary results for the year to September 30th.
The firm explained that it has enjoyed a good 12 months, with success on many fronts, but expects the next year to bear even more fruit in terms of royalties.
While 2010 figures have yet to be revealed, the company highlighted a number of key success stories that could signal a profitable period.
It pointed to Pendulum's success in the UK and Ray LaMontagne's rising fame in the US as two main drivers of its accomplishments.
Mercury Music Prize nominations for Chrysalis acts Laura Marling and I am Kloot show that the firm has more than just a few key acts, while it has also seen some triumphs by its writers, whose contributions to albums by Kylie Minogue, Tom Jones and Robbie Williams have achieved chart success.
Chief executive Jeremy Lascelles explained that the market remains difficult, but that the firm is still on course to meet its targets.
"We have a very exciting release schedule ahead of us both for established artists such as Fleet Foxes and White Lies and new artists such as Rumer, and our expanding roster of writers such as Fraser T Smith, Dan Wilson, Nerina Pallot and Matt Morris continue to get their songs cut by a number of big-name recording artists," he said.
Other artists on the Chrysalis roster include Bat for Lashes, Brody Dalle, Outkast and Sheryl Crow. 15 October 2010, 17:15
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