2) Decide on a Business Structure. Record Labels and A&R. Major Label Deal: This is the most sought after deal. You will then want to get duplicate copies of the music with your independent label as the recording artist. © HASS Entertainment, a division of HASS Entertainment. An independent label, also known as an indie label, is a record label that is independently funded and not connected to one of the big three major labels — Universal, Sony and Warner. Independent record labels make money the same way the big players do. As a quick reference, record labels can keep a cut anywhere from 50-90% of your earnings. They sign, develop, record, promote, publicize and sell music. Inside an Independent Record Label Independent record labels come in all sizes and shapes. YouTube Being An Independent Recording Artist vs Working with a Major Record Label - Dan Shafer - Duration: 11:38. The Key to Running a Successful Independent Label. For maximum efficiency, a record company is broken down into departments that play their own distinctive part in breaking new artists. It was also responsible for the synchronization deals for 3 British made independent films. By ... but as long as you discovered just one new label, artist, or piece of music that you love from this list, then we did our job. A major record company will be run overall by the chief executive officer (CEO). The legal structure will be determined by a variety of personal considerations, including your projected involvement in the label (maybe you’re just providing finance? Below is a breakdown of how these funds will be used: 2.3 Investor Equity The large, well-funded indie labels are organized by departments much like the major label operations described above. 1. Thank you for purchasing the Record Label Business Plan Template. This is the first thing people will see, and it will be recognised for years if you manage to start a successful independent record label. Recording, pressing, distribution, promotion, videos…etc. After the major gets it’s share, it is not uncommon for the production label to split 50/50 with the artist after recouped costs. The A&R department of a record label is often regarded as the gatekeepers of the record company. We are going to go much more in-depth into Record Label Royalties and the percentages in the next section How Does the Money Flow. Starting an independent record label is … Indie labels range from home-based hobby labels to highly profitable, large businesses. It is an industry norm for a new artist to only receive 10-16% of their sales. COMATOSE MUSIC — This killer independent record label and distributor was founded in late 2001 by Steve Green, who also plays in bands Atrocious Abnormality and Lust of Decay. Record labels work directly with artists and producers to coordinate the writing and production of the recordings, and then coordinate the manufacturing, distribution, marketing, promotion of the recording to ensure it sells around the world. Done wrong, and you could be on the receiving end of legal woes. 33 Independent Record Labels You Should Know. Done right, an independent record label can be lucrative and maintain control of your own music. Going Legal. ... you should think about trademarking the name of your label. Record Companies (Record Labels) take big share in the work of the music industry. The Company is registered as a corporation in the State of New York. The music industry’s independent sector is expanding, as more artists turn away from the standard major label model to go independent, there’s more independent music out there than ever before. Inside an Independent Record Label Independent record labels come in all sizes and shapes. Although releasing records may seem far removed from running a corner shop or garden centre, a record label is still a business venture, and as such requires income and expenditure accounts by law, and dealings with entities like the much-feared Inland Revenue. All shot within a 12 month period. Look at this study from a few years ago, which shows the increasing proportion of music industry’s revenue that comes from the independent sector. independent artists now have new options to grow by themselves, other than signing with a label. Interestingly enough, as much as music and the role of traditional music labels have changed over the past decade, the basic structure of a record label hasn’t changed. In wording, I may enter such a clause as ‘utilizing internal marketing and radio departments to best abilities for plugging the record to radio in the territory of x‘ or by ‘Parties agree to allocate a budget of €1.500, to be advanced by Label, for expenditure with a mutually agreed independent radio promoter. In the meantime, there are some important planning stages which you would be wise to consider before starting your label. The more money a label has the more they people they can hire to handle the various responsibilities of a label. Understanding Record Labels (15) Understanding Your Market (18) Venue (14) Video (4) vinyl (5 ... all debate about change to those companies has centered around either the 360 deal or inefficiencies in the major label structure. Know the steps to follow. Dexterity® Record Label Company is a standard record label company that proposes to be based in 500 Madison Avenue New York, NY 10011, USA. Based on the Business Model Canvas, a conceptual tool proposed by Osterwalder and Pigneur (2009), this article will attempt to analyze these new options, showing the differences between the independent artist’s business models back then and Record Label in a Box can provide you with tools you need to set up your label, but the success of your business will ultimately depend on the work that you put in. Take some time over your logo – If you want to be taken seriously, your brand needs to look professional, and while it's entirely possible to design it yourself, the touch of a professional is invaluable. Producers usually own the masters or share them with the label. The large, well-funded indie labels are organized by departments much like the major label operations described above. The record label pays for everything. They choose the artists, arrange for recordings, have the tracks mixed and mastered, get cover art designed, and put the music out into the world, either on CDs or digitally.They are also responsible for marketing the records, getting gigs for the artists, and making sure radio stations are playing the songs. Many grants exist to help small business owners propel their success, whereas the grants to start a record label specifically are fewer and farther between. At this time, the Record Label requires $125,000 of debt funds. The music label software enables record labels, managers, etc to easily create and share transparent royalty statements with their artists. Creating a professional, well-written business plan is the best place to start when setting up your own independent record label. While their size and structure can afford independent labels flexibility, some would consider that a smaller label has entered into the music business because they understand the struggles of musicians differently than the major labels do. While degrees are not always required in the record industry, there are several higher education majors geared toward those interested in a record label job, such as Music Business and Management, Music Law, Music Industry Marketing and Music Industry Entrepreneurship. 50+ videos Play all Mix - Top 7 Greatest Independent Record Labels! In this series of essays, I am going to explore the goal of formulating an “ideal” structure for a record label that works for both the artist and the label. For independent labels, it creates opportunities. ), the extent of your personal liability, the size of your setup, tax issues, and the profitability of your acts. 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