> What services exactly does a label continue to provide, now that the internet has made it much easier for artists to self-promote? I presume that large portion of what the labels used to do can now be done very easily by the artists themselves.
Labels are VCs: they provide initial funding, connections, PR, and they ream artists. The difference between VCs and labels is that VCs make their money when the company goes public, whereas labels make their money by fleecing the artist directly and using hollywood accounting.
Labels are VCs: they provide initial funding, connections, PR, and they ream artists. The difference between VCs and labels is that VCs make their money when the company goes public, whereas labels make their money by fleecing the artist directly and using hollywood accounting.