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To me, they were suggesting that Spotify could replace labels if they had 'enough users'. Currently, band to record label relationships are exclusive (i.e. I ca
by dyeje 9y ago
To me, they were suggesting that Spotify could replace labels if they had 'enough users'. Currently, band to record label relationships are exclusive (i.e. I can't release an album with both Label X and Label Y). Also, labels do a lot more than just getting your music on platforms. If Spotify wanted to replace the label, they would need to provide those services instead.
- TekMol 9y agoWhich services do record labels provide?
- dragonwriter 9y agoFinancing, networking/matchmaking between different kinds of talent that go into making records, and promotion, just off the top of my head.
- dyeje 9y agoIt varies, but mostly it involves marketing. Press, branding, merchandise, etc. Alongside all the other odds and ends like helping you find support staff (visual artists, booking agents, tour managers, etc), legal representation, and fronting money for the recording process. There's quite a bit that goes into it all, there's a reason why large record labels have so many employees.
- eitland 9y agoThey take the most of the money so the artists won't get rich too early (or at all). That way the artists has to be creative and come up with something new next years as well. I love the music industry. /s
- theptip 9y agoEither Spotify would need to provide those services, or someone else would need to step in and provide those services unbundled from the labels. No reason it has to be the same entity providing everything that the labels used to.