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
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV