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The music industry in general consists of talented individuals or groups that make money out of their creativity in things of music like song writing, concerts, shows,etc. Its more of a creative crew. People working jointly including songwriter, composers, producers, artist managers, entertainment lawyers as much as many others.
In Nigerian scene, the music industry is booming and this is attracting investors across the world of music. In this case the need for Corporate structure of music record label in Nigeria. Many are thinking how do I start a record label or what is the corporate structure of music record label in Nigeria like.
This is the target of this post and if what you seek for is to know how the music industry in Nigeria is structured then I welcome you onboard to tap from this robust piece of information delivered by spoiltkid on Daily4mative. I talk from experience and in any case you want more of my ideas don’t be shy! consider consulting me so we can talk real business quickly. I am sure my wealth of experience will catapult any record label to full blown one with a native foundation.
Sadly Nigeria lacks in this phase of the making process but I hope soon there will be a paradigmatic shift from the place we are to the place we are supposed to be in the real sense of artistic works from business and legal perspective from the start to the end wherein a successful end is the determinant factor that keeps the creativity alive. Lets cut this short and get straight to the real game.
Corporate structure of music record label in Nigeria
The truth is that Nigerians scantly run a corporately structured music record label. What we see here is more of sole proprietorship. We are always about ourselves and our music business and we work so hard on this. Its easy and simple and leaves us with no headache. The sad thing about this is that when it flops you take the liability which is very bad for a talent as such. If you cant pay on monetary level then your whole assets and acquaintances are compromised.
Some operate on partnership level like bands although not too popular. Here there is still the normal liability and your individual assets are liquidated if things go wrong.
The idea of corporate structure of music record label in general not really concerned with Nigeria alone is that when things go soar your assets remain. The only thing that goes is the business, your investment.
Now in Nigeria I have not seen this business model suffice it to say there is no corporate structure of music record label in Nigeria. Everybody operates on individual level and it has been bad all the way leaving artist with deficient pecuniary interest. Let me not hesitate in given you the quick steps to start a successful record label in Nigeria.
How To Start A Record Label In Nigeria
Why you see strange people in the industry skyrocket to notable figure? Have you asked that kind of question before? You hear names like Emperor Geezy, Dr Dolor and the rest. The common thing here is bulk money. Lol. That’s the real truth. If you are ready to step front and become the first in Nigerian music industry believe me its only money that it will cost you.
Being successful in this business in Nigeria is out of the millions of Naira you can plug in. You can not run a record label all by yourself which means people must be hired to get it done. Its contractual and dependent on the amount of money you are ready to stake until the full growth of the record label. If you are ready to invest this huge amount of money to gather talents then you are a successful music record label boss already. Congratulations.
Business registration to corporate affairs
Some may say this should come later but if you buy that idea it indicates how unserious and unready you are. To start this business you need to go into real documentation on legal level. This will help protect the abuse of your talents and products and will be a backup in times when you want to take legal actions against people intending to still your arts.
Registering your business is the first place to start. It cost no big money and if you want yo can get a quote from me directly. Just message me and I can give you the current charge.
Recording house and studio
This is the second thing to do in actuality. Remember the first was just a hint about financial buoyancy. Recording house and studio is the second after business registration and you can get that secret only on daily4mative.com.
For a quick overview and a give away plan I will tell that you need a separate and detached apartment where your talents will be harbored and wherein they will be given the chance to shout and pull down on time of creativity if that’s what it demands. Lolz. What am I saying here. Creativity comes crazy at times and if you are not detached from living houses their witchcraft alone can destroy your plans when they come with complains. People don’t understand the actual production stages and when an artist is trying to pinpoint an inspiration he might look as if he is making noise and disturbing the peace of of others. Captured that? Talk more privately on this.
The truth is that I have dealt with how to start a record label in another post which you can check on this link How to start a record label in Nigeria. I have copied part of the post below to complete this section and yo may decide to stay back here to continue to the next step being Sourcing for your artist.
SOURCING FOR ARTIST
It takes a good ear to discover good music. The individual in charge must be a very exposed person. His or Her duty is to look out for talented artistes that would give more credibility to the label.
You will need to introduce your artiste and albums to the world through radio, television etc…
Therefore, you need to get yourself acquainted with presenters and program directors in all major areas of the country. Just so you may have your work cut across all major areas of the country.
The publicist is solely responsible for creating interviews, record reviews, and radio and television stations.
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This has to do with the marketing of your materials. First you would create a marketing plan e.g. organize sales campaign, create flyers and posters, advertise on billboards etc. the sales department or team sees to retail activities of the label and concentrates more on building good relationships with key record stores, record distribution companies such as telecom giants through their highly subscribed ringtones and record outlets all over the country.
The above should be able to serve as a starting point in understanding the basics of starting up a successful record label in Nigeria. For more ideas you can email us: [email protected]