Does it feel like half your money goes towards fees? Practically every monetary transaction has a fee attached, and it all adds up over time. If you do business with indie global rights agency Merlin, there’s a bit of good news in this area.
Merlin has announced a drop in administration fees for members, dropping the fee from 3 percent to 2.5 percent. The fee for members who are not part of a local independent trade group drops from 3.9 percent to 3.25 percent.
Administration fees related to settlements and recoveries from infringing services remain the same.
Merlin’s CEO Charles Caldas says:
“It is very satisfying to be able to announce another reduction in these fees after the 50% reduction we made in 2013, and we trust that this further underlines our commitment to continuing to deliver the maximum possible value to our members via our activities.”
Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u
Image: ‘Cut costs‘ by Howard Lake; licensed under Creative Commons Attribution 2.0 Generic (CC by 2.0).