Record labels have been around for decades and, for a long time, being signed to one meant that an artist made it in the music industry. But what does a label actually do, how do they make a profit and how are they evolving? The latest episode of Billboard Explains answers all those questions.
There are two types of labels: major labels, which are organized into umbrella companies called label groups, and independent labels. The three major labels in today’s industry are Universal Music Group, Sony Music Entertainment and Warner Music Group — with each having their own subsidiaries. Independent labels differ…
