Hope For Indie Labels
Earlier this month the Knowledge Problem blog (Commentary on Economics, Information and Human Action) asked the question that many Hypebot readers think they already know the answer to – "Has The Death Of The Record Label Started?".
From decidedly fan and academic perspectives Knowledge Problem concluded:
"…the long tail observation applies to record labels too, not just to artists. In the 80s and before, independent and alternative labels had trouble surviving unless they were part of a larger label (I.R.S. Records, remember them?). That often meant that the label’s fate lived or died based on larger corporate strategy,,,(today’s) independent labels are better able to survive and thrive for the same distributed, decentralized, and long-tail reasons…this is good news for those small labels, which can focus on a self-defined niche, for artists, who can reach potential fans through multiple channels, and for consumers/fans…"
Thanks to frequent Hypebot reader and blogger squashed for the tip-off. Read the full Knowledge Problem post here.