Recording an album can cost artists between $250,000 and $300,000, making it particularly tough for independent musicians to capitalize on their creative freedom.
Donald Passman states, 'The problem is that everybody's got that access,' referring to the overwhelming influx of new music on streaming platforms and the resulting competition.
Even though artists can avoid traditional labels, they often miss out on crucial resources like financial advances and high-quality production that labels typically provide.
'If you want to be a worldwide superstar, so far, nobody's really done it without a label,' indicating the balancing act between independence and commercial success.
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