Record Labels conducts artist and repertoire, maintain contracts, and manages copyright protection as well as bands and trademarks. But that is not all. The greatest responsibility of a record label is to promote and foster the music and careers of its artists. Often musicians only trust major record labels with regard to their careers.
However the boundaries between major and independent labels is one that while the former owns its own distribution channel, some of the latter, that is some independent record labels, in particular those with successful performing artists, sign dual-release agreements and make other deals with major labels and may rely to some extent on international licensing deals, distribution agreements, and other arrangements with major record labels. Major labels may also wholly or partially acquire independent labels.
However record labels consistently face a serious challenge in maintaining the value of their brand name. Their reputation is everything in this business; and when it comes to independent record labels, without the big names behind their back, it makes it even more important for them. However independent labels often, due to lack of knowledge and/or research, or lack of marketing wisdom often fall prey to common mistakes making them go burst.
Music Is Not Enough, you need:
Artist Development: Most labels today are so quick to sign these fly by night acts that they don't take the time to groom their products like back in the day. Many have absolutely no media training. This new breed of artists can't conduct interviews or create any sort of intelligent thoughts to explain the music they're creating, often causing them to become their own enemy. Naturally, it is expected that as artists age, they evolve and grow. Devolving and regressing is what seems to be the latest trend. Music fans are always looking for a new artist to love, latch on to, and grow with in a sense. However, labels today frustrate this process by creating so much false hope, that when their artist or band falls short of the expectations, they have nothing left.
Longevity: It used to be a standard industry practice to ride with an artist and their album until the wheels fell off. Labels would nurture the artist, offer them the time and resources necessary to create a valuable product, choose one single to introduce and represent it, and promote it. Successful or not, they stuck with it. Then the album came followed by another single. If that one took off, great; if not, maybe they would try one last time. Nowadays, the idea is to knock out as many songs as you can as quickly as possible, shoot as many "buzz" singles out until something sticks. If nothing sticks, then drop the album anyway and let it sink like a stone because no one will be able to say you didn't try to save it.
However the boundaries between major and independent labels is one that while the former owns its own distribution channel, some of the latter, that is some independent record labels, in particular those with successful performing artists, sign dual-release agreements and make other deals with major labels and may rely to some extent on international licensing deals, distribution agreements, and other arrangements with major record labels. Major labels may also wholly or partially acquire independent labels.
However record labels consistently face a serious challenge in maintaining the value of their brand name. Their reputation is everything in this business; and when it comes to independent record labels, without the big names behind their back, it makes it even more important for them. However independent labels often, due to lack of knowledge and/or research, or lack of marketing wisdom often fall prey to common mistakes making them go burst.
Music Is Not Enough, you need:
Artist Development: Most labels today are so quick to sign these fly by night acts that they don't take the time to groom their products like back in the day. Many have absolutely no media training. This new breed of artists can't conduct interviews or create any sort of intelligent thoughts to explain the music they're creating, often causing them to become their own enemy. Naturally, it is expected that as artists age, they evolve and grow. Devolving and regressing is what seems to be the latest trend. Music fans are always looking for a new artist to love, latch on to, and grow with in a sense. However, labels today frustrate this process by creating so much false hope, that when their artist or band falls short of the expectations, they have nothing left.
Longevity: It used to be a standard industry practice to ride with an artist and their album until the wheels fell off. Labels would nurture the artist, offer them the time and resources necessary to create a valuable product, choose one single to introduce and represent it, and promote it. Successful or not, they stuck with it. Then the album came followed by another single. If that one took off, great; if not, maybe they would try one last time. Nowadays, the idea is to knock out as many songs as you can as quickly as possible, shoot as many "buzz" singles out until something sticks. If nothing sticks, then drop the album anyway and let it sink like a stone because no one will be able to say you didn't try to save it.