Establishing a Music Label
You can establish a label by naming and creating an online presence. Launching a label provides opportunity to bring new artists and sounds.
Market Research and Target Audience
Make sure to do your market research and understand your target audience. The UK music industry is very diverse.
Startup Costs and Revenue Generation
Startup costs range from $15,000 to $30,000. Labels make money by taking revenue shares.
- Choose a structure and label name.
- Get financing, as costs range from $6,000 to $22,000.
- Record, produce, and package the music.
- Promote artists through marketing and distributions connections.
- Provide services like art direction and mentorship.
It’s possible to create a label with time on your hands, too.
Can I turn my LLC into a record label?
Labels make money by taking revenue shares. They have connections to distribution platforms to sell music online or as physical CDs.