Etini
Valued Contributor
Record labels are companies that manage and groom musical talents in return for a fixed share in the revenues generated by the creative capacity of the artists. Does one ever make good money owning a record label? Let's explore.
Record labels could be money spinners if set up and managed properly. If they adopt a model that works for them, just one viral artist can make the owner of the record label an instant millionaire.
The caveat is that you must invest heavily to successfully own and run a record label. This time around, you are investing in a human and that might require a huge capital outlay.
So the answer to the topic query is a big Yes. But the condition that record label business needs capital and strategic management to fetch you those millions.
Record labels could be money spinners if set up and managed properly. If they adopt a model that works for them, just one viral artist can make the owner of the record label an instant millionaire.
The caveat is that you must invest heavily to successfully own and run a record label. This time around, you are investing in a human and that might require a huge capital outlay.
So the answer to the topic query is a big Yes. But the condition that record label business needs capital and strategic management to fetch you those millions.
