Why Do Musicians Still Need Record Companies?


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With the proliferation of downloading & streaming of digital music...why does an artist still need a record company? I mean, if it's just a digital file, they could sell it themselves online.
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mitch4t

Showing 1 response by photon46

It sounds so simple on the face of it: just sell it yourself online. The reality is that promoting and managing any artist's career requires a skill set beyond that of many if not most artists. Theoretically it's possible to self manage effectively, the reality is that few know how at the outset of their career to develop themselves and make business decisions that are in their long term self interest. As previously mentioned, expertise is needed in tax, accounting, marketing, & legal issues.