Why many record labels fail at business dealings- ID Cabasa

The ‘Totori’ crooner ace music producer shared his views on an Instagram live series this with an artiste manager, Ubi Franklin over the weekend.

The chat tagged, “The Music Business Conversation” is the initiative of Franklin and is aimed at highlighting the major issues affecting the Nigerian music industry.

During the chat, ID Cabassa, who dropped his comeback single in 2019, said most record labels only started with the intention of showing the world what they can achieve.

“Most record label owners have no business opening up a record label. You can actually be an investor. If the only thing you have to drop is money, be an investor and don’t open a record label.

“This is because it is not just about having the money to spend, it is about having the money to spend in a proper structure and system. In fact, when you have a good system, you will spend less money.”

The singer said he has had his fair share of artiste-record label issue.

He noted that artistes and the record label have roles to play in the development of the music industry. According to him, both parties should make efforts for the success of their relationship while holding sacrosanct the content of the contracts they have signed.

“Number one thing is to realise that we’re created for relationships, as humans. This is a community where each person needs the other person. When we realise that we were created to be dependent on each other, we will realise that when we get into the business, we need to respect that human value.

“I say this everywhere that you have to be very brutal and thorough when signing a contract. Sign contracts as worst enemies and work together as best of friends. Learn to honour your contracts as artistes and record labels,” he said.

He also advised artistes and record labels to give value instead of always looking for what to take all the time.

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