Record labels typically provide a range of services to artists, including:
- Recording and production: Record labels provide access to recording studios, producers, engineers, and other professionals to help artists record their music. They may also provide financial assistance for recording costs.
- Distribution: Record labels distribute music recordings to retailers and streaming platforms. They may also handle the physical production of CDs, vinyl records, and other formats.
- Marketing and promotion: Record labels develop marketing and promotional campaigns to help artists get their music heard by the public. This may include advertising, public relations, and social media campaigns.
- Artist development: Record labels provide support for artists' personal and professional development. This may include mentoring, vocal and instrumental training, and assistance with business matters.
Record labels generate revenue through the sale of music recordings, merchandise, and licensing fees. They may also earn money from live performances, streaming, and sync placements in films and TV shows.
The music industry has changed significantly in recent years, with the rise of digital music and streaming services. Record labels have had to adapt to these changes, and many have diversified their businesses to include other revenue streams, such as artist management, publishing, and merchandise.