What does a record label do?

Do you know what a Record Label is or what they do? Did you know that some record labels do the same thing, but operate differently? Did you know there are difference types of Recording Companies? You may have assumed all record labels only create music, and sign musicians and artists to contracts to further their careers, but that is a misconception. Record Labels are involved in many aspects of entertainment including representing book authors, actors, comedians, dancers, movie and television productions, broadcasting, in addition to other industries unrelated to entertainment or art such as technology.

Definition from wikipedia

A record label is a brand or trademark associated with the marketing of music recordings and music videos. Often, a record label is also a publishing company that manages such brands and trademarks, coordinates the production, manufacture, distribution, marketing, promotion, and enforcement of copyright for sound recordings and music videos; conducts talent scouting and development of new artists (“artists and repertoire” or “A&R“); and maintains contracts with recording artists and their managers. The term “record label” derives from the circular label in the center of a vinyl record which prominently displays the manufacturer’s name, along with other information.[1]

360 Contract 

Definition from wikipedia

In the music industry, a 360 deal is a business relationship between an artist and a music industry company. The company agrees to provide financial and other support for the artist, including direct advances as well as support in marketing, promotion, touring and other areas.

Donor Bill of Rights