MEGA-CASHFLOW IN THE CONCERT BUSINESS™ ©2007 CPI ALL RIGHTS RESERVED WRITTEN BY NAPOLEON S BREWER SR. EDITED BY CRYSTAL J HARVELL
Let’s begin with all the components. The Recording Industry breakdowns are as follows.
As a full service business the record company may have many trade names. A record company may also be referred to as a record label or in some cases a label; in any case they are easily identifiable. What’s important to know here is the label must have an artist to survive. The label will employ the professional service of many artists to record for the label on an exclusive basis. The artist is bind to that label by contract.
Simply put, the label is in the business of recording, marketing, distribution and the sale of records, that’s the absolute role of a record label, be it both major and independent labels. The fact is that a record label is an investment company. The Record companies all have these components in common; Artists of various music genre’ (categories) e.g. Blues, Rock and Jazz etc. these artists are recorded and promoted by their respective record labels, usually through airplay that is done by multiple radio stations worldwide. Radio Station is one of several components in which we’ll cover in a later chapter of this book. The record label has many departments from the executive officers clear down to the mail clerk. The department would interest you most of all is the Artist & Repertoire. This department is solely responsible for the artist needs from overseeing the artists’ promotional material, assisting the artist in securing a reputable booking agent and who also on the other hand has the information you would need to contact the artist immediate representative e.g. The Artists’ manager or booking agent.