In the age of the internet - a platform in which you can be exposed to millions at once, why do record labels still exist?
Record labels are basically your management staff and a bank. They pay advances, money to help you record your songs. They also help with publicity. There are hundreds of songs published everyday on SoundCloud and other sources that ...
As you stated in the question itself its due to the merger of
recording company and legal fights.
Poe's three album deal is lost in Atlantic/AOL Time Warner merger. In November 2000, Atlantic/AOL Time Warner first chose to drop the
Modern/FEI, and as a result were contractually obligated to pay
Modern/FEI an undisclosed amount of money, and ...
They manufacture, distribute and promote music from a artist that is under their label. There are 2 types:
Indie record labels are independent companies that do not have a
Major labels are large corporations often owned by a parent company,
Taking from Wikipedia:
How do they ...
From the Shady Records website
Shady Records is an American record label specializing in hip hop music. Eminem and his manager Paul Rosenberg founded the label in 1999 after the highly successful release of The Slim Shady LP.
Since the formation, the label has signed nine acts. It has also been part of the business venture in Shade 45 radio station via ...
I don't know if they would do this for you, but I would check with Honest Jon's based out of London. They seem like the kind of outfit that might do that over the internet. Or else just start trying to ring up desperate mom and pop shops that you find on the internet.
Completely agree with much of @Jacob Swanson's answer to why labels exist: the need for actual human beings promoting, distributing, marketing your music doesn't go away with technological advances (on the contrary one might argument).
One note from me that might answer Bonus Q #1 is about the royalty split mentioned: thousands of labels do 50/50 splits on ...