So many artists are signed to different labels, but they are extremely popular. How does a label work and why would an artist even want to sign to one since labels typically get a percent of money. Also, I thought independent or indie artists were not signed to a label but if you go to Spotify and look up indie music half of them are signed to a label.
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Essentially they are nothing more than a bank that will loan you the money to enjoy a ride on the roller coaster that is called a “music career.” Of course if you accept their loan, they will decide where and who you spend their money with which is usually their friends and business partners that give a kick back to said label. Instead of making loans, they primarily look for artists that can finance their own careers these days which is why most artists are already somewhat wealthy or have access to money before they are ever “signed.”
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