How to Build a 7-Figure Record Label: Exclusive Tips from FIXT Co-Founder

In this episode of the Top Music Attorney podcast, Entertainment Attorney, Miss Krystle, speaks with James Rhodes, co-founder of the successful independent record label, FiXT, which was founded in 2006 by Klayton and James. Klayton is also known for a number of his successful music projects, including Celldweller. James shares his experiences working with Klayton and how they have grown the label together. They dive deep into the music business, discussing the label's most successful aspect, which includes securing sync placements for its artists.

James emphasizes the importance of artist development and adapting to changes in the industry, as FiXT has done, resulting in their continued growth and expansion. They also discuss the unique genre of music that FiXT specializes in, which James describes as electronic rock, synthwave, and sci-fi, with Celldweller being one of their most successful projects. This episode is a must-listen for anyone interested in the business of music or looking to start their own independent record label.

0:00 Intro to FiXT, James, and Klayton
01:45 James Rhodes Overview
03:15 Most Successful Aspects of FiXT
10:08 Navigating the Business Early On
12:12 Why FiXT Does Publishing / One-Stop
15:04 Spotify Monthly Listener Growth Rate
20:35 Method For Doing Music Ads
26:26 Encouraging The Algorithm / Pre-Saves
28:16 FiXT's Monthly Revenue / Budget
30:10 Type of Artists to Sign to a Label
32:14 How to Find Artists to Sign
35:18 FiXT's Criteria / Culture
37:43 The Importance of Contracts
40:13 Ongoing Team Training / Turn-Over
42:37 YouTube Monetization / Content-I.D.
46:04 Merchandise 101
50:42 FiXT's Biggest Competition
53:37 Mentality Now vs Then
57:43 Will FiXT Ever Sell?
59:33 Outro

Legal Disclaimer: The information, ideas, and suggestions in this video are not intended to be legal advice. Before following any suggestions contained in this video, you should consult your personal attorney. The speaker shall not be liable or responsible for any loss or damage allegedly arising as a consequence of your use or application of any information or suggestion in this video. Pursuant to the fair use doctrine under the 1978 Copyright Act, a copyrighted work owned by another may be used for criticism, commentary, news reporting, and educational purposes. The use of the livestream contained in this video falls within the fair use doctrine.
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