The music industry is changing rapidly, there is always a need for forward-thinking record labels. With its user-friendly portal and features designed for independent labels. Inside an Independent Record Label Independent record labels come in all sizes and shapes. 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. A successful record label will seek out new talent, pay for the recording and mixing of albums, underwrite tours, and provide promotion and marketing services to their stable of artists. 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. Record labels must function like a well-oiled machine to market artists properly. As a quick reference, record labels can keep a cut anywhere from 50-90% of your earnings. In the meantime, there are some important planning stages which you would be wise to consider before starting your 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. Once someone comes in to record, you will mix and master their music. 33 Independent Record Labels You Should Know. The more money a label has the more they people they can hire to handle the various responsibilities of a label. They sign, develop, record, promote, publicize and sell music. Today, the label is home to a top-notch, musically diverse set of individuals committed to reaching the heights of their creative endeavors. It was also responsible for the synchronization deals for 3 British made independent films. Going Legal. Thank you for purchasing the Record Label Business Plan Template. 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. All shot within a 12 month period. Company Structure of a Record Label. 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. 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. Networking with other music industry figures and … Below is a breakdown of how these funds will be used: 2.3 Investor Equity For independent labels, it creates opportunities. Want to start your own independent label? Creating a professional, well-written business plan is the best place to start when setting up your own independent record label. Recording, pressing, distribution, promotion, videos…etc. This Template is designed in professional business plan format and includes components such as a MISSION STATEMENT, EXECUTIVE SUMMARY, COMPANY DESCRIPTION , INDUSTRY ANALYSIS , MARKETING & PROMOTION, THE FINANCIAL PLAN and much more. 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. independent artists now have new options to grow by themselves, other than signing with a label. Know the steps to follow. Done right, an independent record label can be lucrative and maintain control of your own music. Record Label, Inc. You will then want to get duplicate copies of the music with your independent label as the recording artist. Find out more about Record Label in a Box . For maximum efficiency, a record company is broken down into departments that play their own distinctive part in breaking new artists. 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. Starting an independent record label is … Dexterity® Record Label Company is a standard record label company that proposes to be based in 500 Madison Avenue New York, NY 10011, USA. 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? 50+ videos Play all Mix - Top 7 Greatest Independent Record Labels! Inside an Independent Record Label Independent record labels come in all sizes and shapes. Major Label Deal: This is the most sought after deal. 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 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. The current business situation that record labels face is a crisis waiting to happen. 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. Learn More → The best method for getting a grant to start a record label is to categorize the label as a small business venture. 1. The problem within the record label structure is the unconditional denial that they must bear the burden of responsibility for the lack of talent, artistry and poor sales that exist. 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. Independent record labels make money the same way the big players do. The A&R department of a record label is often regarded as the gatekeepers of the record company. Valholla Entertainment, Inc. was founded in 2005 by Chairman and CEO, Vince Valholla after developing the concept to launch an independent record label that would represent a new era in the music business. Each label within this company is then headed by its own president, who … ), the extent of your personal liability, the size of your setup, tax issues, and the profitability of your acts. What Are the Job Positions in a Record Label?. YouTube Being An Independent Recording Artist vs Working with a Major Record Label - Dan Shafer - Duration: 11:38. Eddy is a royalty accounting software for independent record labels. The large, well-funded indie labels are organized by departments much like the major label operations described above. That hit record got us a licensing deal with a GOLD selling CD compilation from a well know club DJ, that netted us a total of $14,818.88 for a 30 minute telephone conversation.. The large, well-funded indie labels are organized by departments much like the major label operations described above. ... you should think about trademarking the name of your label. Record Labels and A&R. 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. 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. At this time, the Record Label requires $125,000 of debt funds. The Company is registered as a corporation in the State of New York. 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. It is an industry norm for a new artist to only receive 10-16% of their sales. Smaller independent (indie) record labels may structure their company in a completely different way again. 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. 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. The more money a label has the more they people they can hire to handle the various responsibilities of a label. Proudly created with Wix.com Wix.com Producers usually own the masters or share them with the label. 2.2 Required Funds. 2) Decide on a Business Structure. Done wrong, and you could be on the receiving end of legal woes. The record label pays for everything. A&R departments have a powerful reputation because they have the all-important job of finding and nurturing the musical talent. Record labels have staffs of varying sizes, depending on the type; labels may be major, mini major or independent. Record Label Royalties. 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. After you have your designation, make sure that you find a … 2.1 Registered Name and Corporate Structure. In short, record labels are in the business of creating and selling recordings. The Key to Running a Successful Independent Label. To understand the aim of creating a new style of record label, one should first have a basic grasp of how old style record labels were/ are structured. 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. Record Companies (Record Labels) take big share in the work of the music industry. 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. © HASS Entertainment, a division of HASS Entertainment. 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. 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