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IMPALA bring the bankers to MIDEM
By CMU Editorial | Published on Wednesday 26 January 2011
IMPALA brought along representatives from the European Bank to MIDEM earlier this week to discuss possible new financial tools for the independent creative sector.
The pan-European independent music organisation launched a Finance Working Group at the Cannes conference last year involving indie label owners, bankers and EU representatives with the aim of exploring new investment routes for small and medium sized music companies. This time round reps from the European Bank met with said working group for discussions.
IMPALA also met with the French European Commissioner for Internal Market & Services Michel Barnier on Saturday, also to discuss helping smaller creative businesses to access finance and investment. On the agenda there was revising accounting standards to value copyright intangible assets, improving online market access and the status of copyright SMEs in Europe generally.
IMPALA Exec Chair Helen Smith told CMU: “Access to finance is vital and this is a clear step towards new financial instruments and proper valuation of copyright assets”.
