Its mind bonglin to me .... i've constantly asked people who are in the industry what the big deal with record labels. I always get the same response "thats where the money is" .... i be like the money is right in front of you you can reach your whole fan base in one swoop ..... wtf is the record label doing for you ??? marketing??? you can pay an ad agency to do the same shit.
Niggas in the game need to bond together and form they own shit separate from the record companies ..... i digress i will stop rantin.
In business you don't spend your own money. Most businessman that are successful in the industry aren't spending their own money. That's why artists go to labels. Labels are putting up production costs. Yea you have to pay it back but you don't care. You are making money off shows. And having Def Jam back you will generate more show money and buzz than coming in with E1. That's just real shit.
Jim Jones did all that bragging about making 7 dollars a album and ran over there to Columbia Records.
Some artists can't make money as a indie. Its easy to assume but some can't. Nicki Minaj would be missing out on MILLIONS if she was a indie artist. Same goes for Lady Gaga. Niggas like Rass Kass and Crooked I? They would lose being on a major because they will never sell records. They will always be weak sellers.