What is the purpose of labels in the music industry and why do they hold so much power as well making more money than the artists signed? 19.15K viewsJanuary 3, 2024 Question90.73K January 12, 2020 0 Comments What is the purpose of labels in the music industry and why do they hold so much power as well making more money than the artists signed? In: Other 26 Answers ActiveNewestOldest Anonymous Posted January 12, 2020 0 Comments Labels are like banks, they basically loan money to bands. Usually the band doesn’t make a penny until the label has made their initial investment back. You are viewing 1 out of 26 answers, click here to view all answers. Register or Login
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