With names like this headlining a post, Adele, Fleet Foxes, Bon Iver Among U.K.’s Independent Music Award Nominees | Billboard.biz.
One doesn’t have to guess at the state of independent music since everyone one of these names are mainstream and have supportive fans around the globe.
IMHO other indies need to get back to releasing physical music; Since it’s the ability of fans to get these bands releases (whether in vinyl or compact disk formats) that has given them this acclaim outside of their own countries.
Considering that 20 straight weeks of Album sales increasing over last years sales figures(1). And, that every major recording artist offers their fans a choice digital or physical it just makes sense that Indie’s would need to release both to remain viable in marketplaces where fans still gather to talk and consumer music.
BTW without physical releases there is nothing to export and it should be noted that Music used to be the largest export of the US by far (2) and without the indie’s exporting and majors haliburtionizing the US is left exporting arms and drugs.