This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

What's That Sound? Probably an Indie Label

Major labels just don't have the flexibility to provide that kind of musical innovation, he said. While they still provide people with music they want to hear, they can't make money on an artist selling 40,000 copies. But for an indie label with only a handful of employees, 40,000 is a very big deal.

As a result of the pressure for biggest selling products, major labels tend to be song-oriented as well as star-oriented.

"Our people sell a body of work," Bengloff said. "No one's buying Queens of the Stone Age because oh, that was a great song -- they're buying it because there was a dozen great songs. We're selling an album as opposed to what they're selling is a bunch of singles."

The Queens album he's referring to, ... Like Clockwork on Matador Records, is currently at No. 1 on Billboard's weekly charts. Since labels represent styles and stables of artists, that particular body of work translates into sales for other artists on the same label. Matador, for instance, also sports Yo La Tengo, Cat Power, Sonic Youth, Pavement and others. If you go for one, you'll probably be interested in the others.

"If you go to a [independent metal label] Century Media show, you'll see half the kids wearing a Century Media shirt instead of the bands on the stage," Bengloff said. The label is not just a motley collection of hit songs, but a brand of music that kids identify with.

"Indies have always been the brand, but we were limited in how big we could become so we were small niche market because we weren't able to get radio play," Bengloff said. "But now we're able to break out and do the crossover."

-- Written by Carlton Wilkinson in Asbury Park, N.J.


3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
P $21.98 0.83%
SNE $26.33 -0.60%
AAPL $111.31 0.48%
FB $92.80 -1.29%
GOOG $645.44 0.62%


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs