Major Label Deal: This is the most sought after deal. 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. They sign, develop, record, promote, publicize and sell music. All shot within a 12 month period. Inside an Independent Record Label Independent record labels come in all sizes and shapes. A&R departments have a powerful reputation because they have the all-important job of finding and nurturing the musical talent. Producers usually own the masters or share them with the label. YouTube Being An Independent Recording Artist vs Working with a Major Record Label - Dan Shafer - Duration: 11:38. 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. 1. independent artists now have new options to grow by themselves, other than signing with a 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. As a quick reference, record labels can keep a cut anywhere from 50-90% of your earnings. After you have your designation, make sure that you find a … Done wrong, and you could be on the receiving end of legal woes. The Company is registered as a corporation in the State of New York. 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. Done right, an independent record label can be lucrative and maintain control of your own music. 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. 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. The music label software enables record labels, managers, etc to easily create and share transparent royalty statements with their artists. © HASS Entertainment, a division of HASS Entertainment. Indie labels range from home-based hobby labels to highly profitable, large businesses. 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. The large, well-funded indie labels are organized by departments much like the major label operations described above. 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. You will then want to get duplicate copies of the music with your independent label as the recording artist. 2.1 Registered Name and Corporate Structure. 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. Starting an independent record label is … 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. ), the extent of your personal liability, the size of your setup, tax issues, and the profitability of your acts. 2.2 Required Funds. Learn More → The best method for getting a grant to start a record label is to categorize the label as a small business venture. What Are the Job Positions in a Record Label?. Today, the label is home to a top-notch, musically diverse set of individuals committed to reaching the heights of their creative endeavors. Going Legal. The large, well-funded indie labels are organized by departments much like the major label operations described above. 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. 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. Dexterity® Record Label Company is a standard record label company that proposes to be based in 500 Madison Avenue New York, NY 10011, USA. 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. 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? Company Structure of a Record Label. Recording, pressing, distribution, promotion, videos…etc. 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. For independent labels, it creates opportunities. At this time, the Record Label requires $125,000 of debt funds. The Key to Running a Successful Independent Label. Below is a breakdown of how these funds will be used: 2.3 Investor Equity Networking with other music industry figures and … Want to start your own independent label? 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. Record labels must function like a well-oiled machine to market artists properly. The current business situation that record labels face is a crisis waiting to happen. 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. 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. 33 Independent Record Labels You Should Know. Record Companies (Record Labels) take big share in the work of the music industry. Know the steps to follow. The more money a label has the more they people they can hire to handle the various responsibilities of a label. 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 Labels and A&R. 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. Eddy is a royalty accounting software for independent record labels. 2) Decide on a Business Structure. 50+ videos Play all Mix - Top 7 Greatest Independent Record Labels! 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 Royalties. The A&R department of a record label is often regarded as the gatekeepers of the record company. Once someone comes in to record, you will mix and master their music. Proudly created with Wix.com Wix.com 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 labels have staffs of varying sizes, depending on the type; labels may be major, mini major or independent. 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. A major record company will be run overall by the chief executive officer (CEO). The music industry is changing rapidly, there is always a need for forward-thinking record labels. Inside an Independent Record Label Independent record labels come in all sizes and shapes. In the meantime, there are some important planning stages which you would be wise to consider before starting your label. ... you should think about trademarking the name of your label. With its user-friendly portal and features designed for independent labels. 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. Creating a professional, well-written business plan is the best place to start when setting up your own independent record label. Independent record labels make money the same way the big players do. Record Label, Inc. 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. Each label within this company is then headed by its own president, who … The record label pays for everything. 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.. 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. In short, record labels are in the business of creating and selling recordings. Find out more about Record Label in a Box . The more money a label has the more they people they can hire to handle the various responsibilities of a label. 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. 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