This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

What's That Sound? Probably an Indie Label

Stocks in this article: SNE WMG P

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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs