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How much capital would I need to start a record label?

Discussion in 'Starting Your Business' started by Foxus, Apr 16, 2016.

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  1. Foxus

    Foxus Member

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    How much do you guys expect it would cost to set up shop as a record label?

    - Obtaining a local business permit.
    - Website creation.
    - And so on, and so forth.

    Thanks.
     
  2. T J Tutor

    T J Tutor Member

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    I know someone that did this in the 70's and it was over $2MM then to get it going. He sold it seven or eight years later to Caribou Studios for $12MM who then sold to Capital. I don't remember the original label. I think much of it is determined by who you are looking to sign, you know, what level of entertainer. I do know this is an extremely cutthroat business and fraught with some very tough characters. If you have great management skills, a strong demeanor, and thick skin, you can get it done with the right connections.
     
  3. Foxus

    Foxus Member

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    I'm trying to look at the stories of how Richard Branson and David Geffen got their humble beginnings in the record business, and see if there's anything I can take from their humble beginnings. From some projected market growth I looked at, 2013 was the strongest year for the record industry since 1999, and 1999 was I believe the year mP3's started becoming big. A lot of indie labels opened shop in the late 90's, some of such now defunct, such as Eyeball and Ferret. By 2020, its forecasted to reach about $17 billion in revenue, a little over half of that in music streaming alone, while physical and downloads only will account for about $5.5 billion.
    This will obviously call for some type of online business model infused in the record labels one.
     
    T J Tutor likes this.

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