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The IFPI recently released a report that included the typical investment by a major record company in a newly-signed artist. According to the report, major labels still invest a hefty amount ($750,000-1.4 million) in new artists.
On Music Think Tank, Hoyt Emerson looks at the numbers and breaks them down for an indie act. Looking at the numbers, do you think major labels could be more successful in pushing smaller, touring groups instead of putting all their eggs in one basket?
“Indie bands thrive on having personal relationships with their fans. Knowing them and staying in touch with them. This can be done insanely cheap.”