In a study published by the IFPI (International Federation of the Phonographic Industry), it was highlighted that over $5.8 billion is invested per year in A&R and marketing by record labels. Their study concluded that it can cost between US$500,000 and US$2,000,000 to break an artist in a major recorded music market.
Currently, the four major record labels (known as the Big Four) are EMI , Sony Music Entertainment , Universal Music Group , and Warner Music Group .
Departments of Major Labels Artist & Repertoire (A&R) Sales . Marketing and Promotion. Brands. Publicity. Product Management. Production. Manufacturing.
The record label doesn’t handle touring or booking. That is the responsibility of a booking agency. The label will typically push for booking representation on your behalf.
Label Identity Release digital music only. Do your own press in-house. Work with graphic designers/web designers who are talented but looking for experience to establish their careers – they will work for free (or very cheap) for a chance to build up their professional portfolios.
As of Dec 22, 2020, the average annual pay for an Independent Record Label in the United States is $52,230 a year.
6 of the Highest Paying Jobs in the Music Industry Orchestral Musician. Being an orchestral musician isn’t easy, but it can yield a great salary if done right. Music Therapist . Video Game Sound Designer. Road Managers. Music Attorney. Audio Engineer.
Earn an associate’s or bachelor’s degree in the field you want to pursue. While some jobs may not require a degree , most careers at a record label will. Research the job you want to find out the typical credentials. Then, pursue a 2-year or 4-year degree that’s related to the job you want .
Record Labels are not dying . Quality instead is in some specific music industry fields. Luckily, there is a big vast subterranean world made of music passionate in every music genres, running their own record labels “in the old style’: quality over quantity.
Def Jam Records
Record label CEOs manage their companies with a mix of business skills and skills particular to the music industry. The CEO determines the general direction of the marketing, the music distribution and other matters.
Most label contracts don’t actually allow their artists to be signed to multiple labels at once. But through either loopholes in those contracts or by permission from the labels , artists may be able to release certain records (sometimes limited to “non-albums”, ie. EPs, singles, mixtapes, etc.) on other record labels .
Also, if the artists is signed to the producer’s label or production company, then the artist should pay for studio time . However, if this is an unsigned artist, who needs to record a song, then the artists is responsible for paying for studio time , not the producer.