Tag Archive: record deal

In November, we announced that we were going to start helping Spectra Records find talent to sign to their label.  Since Earbits already screens thousands of bands for online radio and has a great reputation for maintaining high quality, Spectra asked us to be responsible for reviewing any bands that are interested in being on their label.  From there, the qualifying bands are asked to do a bit of self promotion and, once they’ve proven they have a minimum amount of hustle, we forward them to Spectra to review.

Since the inception of Earbits, our goal was always to not only build an awesome online radio experience, but to build a service that helps high quality artists develop their career.  We are working hard to create new opportunities for the artists we work with.  From licensing opportunities for TV, film, and commercials, to booking live shows, and now we are pleased to announce our new initiative with Spectra Records in their search for new talent.

 

How Does It Work?

Despite all the unpredictable changes the music industry has endured, a record deal is still a coveted offer.  Obviously, money is a huge reason that artists still ink deals with major labels.

In fact, cash was the sole reason A$AP Rocky gave for his recent record deal Sony/RCA.  When asked what changed his mind as to signing with a major label his response was blunt: “About three million dollars.”  It’d be hard to blame anyone for that type of honesty, let alone a guy with a dollar sign in his rap name.

We write about a lot of things here – particularly music, the music business, and early stage business in general.  It’s nice when those things come together because I think we’re in a particularly unique position to look at them through a different lens.

One and a half years into Earbits, we have now pitched a modest but reasonable number of VCs, and over a thousand record labels.  We read about and hear people talk about both all of the time because its important for us to have our ear to the ground about the industry of music and the climate of fundraising.  We’ve also had the chance to hear feedback from both about how they think our business ought to work (or how it won’t), as well as how they think about what they bring to the table.