What percentage of labels are independent?
As of 2017, the streaming revenues of independent label music in the U.S. eclipsed 3 billion U.S. dollars, and independent labels account for around 38 percent of total recorded music revenues.
What are the chances of getting signed to a record label?
That’s a big ol’ pool! If your music quality is on par with the top artists currently signed, you still have a 1 in 100 chance to be signed to a top independent record label or 1% chance. Aside from the generalisations made, the point is that there is a lot of competition.
Are independent record labels better?
Indie labels and boutiques generally have the advantage here. They have smaller artist rosters, which means you will get more attention. It also makes it easier to develop personal relationships and work closely with the label’s team.
What makes a record label independent?
Independent record labels are small companies that produce and distribute records. They are not affiliated with or funded by the three major records labels. Some independent labels, particularly those with successful artists, sign dual-release, or distribution only agreements with major labels.
What is the highest paid record label?
The Santa Monica headquarters of Universal Music Group, which tops the list of the biggest record labels of 2021.
How can you get noticed by record labels?
How to get noticed by record labels
- DO YOUR RESEARCH. Finding a suitable label is tough.
- DO THE PREP. Fork out some good cash to make a solid, professional demo.
- DO YOUR BEST.
- DO THINK OUTSIDE THE BOX.
- DO YOUR GROUNDWORK.
- DON’T BE INTIMIDATED.
- DON’T SELL YOUR SOUL.
- DON’T BE DISHEARTENED.
How do I make my own independent record label?
How to Start a Record Label
- Create a Record Label Business Plan.
- Choose Your Record Label’s Business Structure.
- Determine Your Business Costs.
- Create a Unique Name for Your Record Label.
- Register Your Business and Open Financial Accounts.
- Purchase Equipment for Your Record Label.
- Market Your Record Label.
How do independent record labels make money?
Record companies make money by marketing and investing heavily in their products – in this case, the product is the artist & their music. For smaller labels, recording costs average $15K per album. For large labels, the average cost can be from $100K to $500K and up.