I know one of one person doing a "streaming based" record label that brings in quite a bit of money. As I understand it (and I don't know if the business opport

I know one of one person doing a "streaming based" record label that brings in quite a bit of money. As I understand it (and I don't know if the business opportunity still exists), the best way to succeed is acquiring rights for an existing catalog of popular music. Through a family connection he had started acquiring the rights to several old 70s and 80s mexican/southern american music and putting them on streaming. The music already had an audience, there was no talent to maintain, and acquiring the licenses was relatively cheap. As for new music; I don't see what a "side business" label could offer an artist that they couldn't do themselves with distrokid. Unless you had the capital to develop, build, and market artists I think it would be very difficult to generate a return.