Record labels are corporations that market recorded music and corresponding videos.
They interact in a variety of functions within the music trade, together with new artistes recruitment and growth (often called A&R, which stands for artiste and repertoire), music publishing, and copyright enforcement.
In Nigeria, now we have:
- Davido Music Worldwide (DMW)
- Mavins Record.
- Starboy Entertainment.
- YBNL Nation.
- Chocolate City.
- Penthauze Music.
and an entire lot extra. Nonetheless, the aforementioned are more well-liked than the remaining.
Beginning a record label takes a bit strategic planning. To achieve success, an owner wants connections, influence, and money. The one option to construct all three is with a strong business plan.
What’s a business plan? It’s a document that explains how an organization will run, and the way it will earn cash.
The typical startup price of a record label is between $200 – $50,000. However, for big labels, the typical price could be from $100,000 – $500,000. This price often varies from nation to nation.
Lets assume you wish to arrange one in Nigeria and wanted a strategic plan to succeed, who would you meet?
You Need Guidelines To Setup A Profitable Record Label – Who Would You Meet (Don Jazzy, Olamide or Davido?)
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