The "Big Three"
During my research, I found out that over two-thirds of the world's music market is controlled by three record labels: Universal Music Group, Sony Music Entertainment and Warner Music Group. This discovery allowed me to fully understand just how important a competitive record label is, as an independent record label that fails to stand out will really suffer in the music industry. Therefore I directed my research towards successful independent labels.
Rough Trade Records:
Both Marshall Teller Records and Rough Trade Records targeted a specific marke |
This record label was founded by a single man who would release music created by friends and family, but the label quickly became prominent in the alt-rock genre. Similarly to Rough Trade Records, Marshall Teller chose to specialise in a specific area; this time in 90s rock and American youth culture. Considering the impact of both Marshall Teller Records and Rough Trade Records suggested that constructing a record label around a single theme or genre would be the best way to create a clear brand identity.
Young Turks
Unlike the previous two record labels, Young Turks is an imprint label: the company is not a legal organisation, but more of a group of artists under a mutually beneficial agreement. Their identity as an imprint label acts a selling point for their artists, and as such many conceptual music artists such as FKA Twigs and SBTRKT. The symbiosis of Young Turks is interesting to see, especially considering that a record label identifying themselves in this less conventional way can achieve a great level of success.
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