A record label is, on a basic level, responsible for the artist's who are owned by them. Publicity, production of new music, and sales of music is what a record label takes care of, and for doing so take a portion of the artist's profits. On top of this, the record companies (more for their benefit) scout new artists to sign into their label.
Record labels come in all sizes, from small independent labels run by one or two people to huge corporations made up of hundreds of people in dozens of departments. Successful records sell millions of copies and make a lot of money for the record companies.
Seeing as the focus of our project is Independently run music record labels, here are a few examples of some:
Brooklyn-based record label Fool’s Gold was founded in 2007 by DJs A-Trak and Nick Catchdubs. Artists under the label include Kid Cudi, Duck Sauce and Drake.
Rough Trade Records is an independent record label based in London and was formed in 1978 by Geoff Travis. Artists under the label include Arcade Fire, The Libertines, The Strokes and The Mystery Jets.
XL RECORDINGS
XL Recordings is a British independent record label owned by Richard Russell and was originated in 1989. The label was launched in 1989 to release rave and dance music, but eventual became associated with a variety of genres through artists including The Prodigy, The White Stripes, Dizzie Rascal, M.I.A, Adele and many more. Sales of Adele's 21 helped increase XL Recordings' bank balance from £3million to £32million in the space of 12 months. The Label currently has studios in both London and New York.
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