Major Labels are NOT the place to be...?

Comments

The big disadvantage for the smaller investor is that of the CGT deferral, Brown never signed off on the promises that were originally made for EIS. You can't get deferal if you have already applied on existing investment so it becomes year two option.
Everyone has known about the major labels being down the drain since 02. There should have been moves before this to attract the capital, I fear that it has all gone elsewhere ,
There are some devils in the small print on these, of course working mainly in the interest of the taxman, with the situation on accumulated liability not yet being approached. ( would you invest in a band that hasn't even filed a tax return for five years and feel safe)

I'm torn on the issue using a lable or not. -There's good and bad about both.

It looks like you're doing well and staying busy! Congrads!

By the way, that's a much nicer picture you're using on your page here.

I've said this loads of time but i'll say it again... There is NOTHING an unsigned artist CAN'T do without a major label backing them. Granted... having a major label behind you gives you instant exposure and crazy budgets that allow you to reach a whole new audience.

At the moment the "normal" deals which existed years ago have now changed. They no longer offer the artist "x" percent of their album etc. The labels are now DEMANDING pieces of you "outside of the label" income i.e. indorsement money, spondership money, money made from tours etc.

You get raped in a whole new way nowadays!

Major labels will never die, if they do then the bigger indi labels will take their place... It's as simple as that.

The current business model is changing, and it's changing in a big way. Labels are looking for alternative revenew streams.

We have to agree with Kang. There are only a few things you really need a label for---licensing, registrations,barcodes, legal protection and cheap insurance, and helping with your tax returns
. And you can do those yourself by setting up your own label for less than a grand, and getting a good solicitor and accountant for about the same.
And include the subscriptions that you will need to be part of the industry, so reckon on about three grand. Now thats not very much when you think about it, its an investment in your future career. And its all offsettable against your income tax.
The only thing you cant get this way is an invite to a good Christmas knees up.
Gnominion

Post a comment

Already a Vox member? Sign in