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More than 60 artists, including Radiohead, Robbie Williams and the Kaiser Chiefs, announced they had banded together to seek more rights over their music and break free of record labels.
The Featured Artists' Coalition (FAC) aims to "give artists the voice they need to argue for greater control over their music," amid new opportunities provided by the internet, the group said.
"It is time for artists to have a strong collective voice to stand up for their interests," said Brian Message, co-manager of Radiohead and Kate Nash.
It is fighting for changes to laws that govern business in the music industry so that artists always ultimately own the rights to their music, rather than record labels.
The FAC is also calling for, among other things, artists to receive "fair compensation whenever their business partners receive an economic return from the exploitation of the artists' work".