Landing a contract with a major record label can be nirvana for an artist, but it’s a heaven out of reach for many musicians. That’s because backing an act is risky business. And while record companies can make millions from an artist’s success, they can also lose millions, if the artist fails to catch on with the public. Now the world’s largest music company thinks it has a way to give more acts a crack at affiliating themselves with a major label while reducing the business risks to itself.
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Universal Music Debuts Digital-Only Label
Posted by: John P. Mello Jr. November 23, 2004 07:50 AMLanding a contract with a major record label can be nirvana for an artist, but it’s a heaven out of reach for many musicians. That’s because backing an act is risky business. And while record companies can make millions from an artist’s success, they can also lose millions, if the artist fails to catch on with the public. Now the world’s largest music company thinks it has a way to give more acts a crack at affiliating themselves with a major label while reducing the business risks to itself.