I think it’ll be great if we can start our own record label and build a music empire.
Scout for talented artists across different genres, sign promising musicians, and help them produce hit records. Manage studio time, marketing budgets, and distribution deals to maximise profit and fame.
If the artist’s album succeeds, you’ll earn a big return and boost your label’s reputation. If it flops, you can decide whether to keep supporting them or drop them from your roster.
As your label grows, you can:
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Upgrade your studio with better equipment to improve production quality.
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Hire producers, sound engineers, and PR managers.
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Host album release parties or concerts to promote your artists (could be held in a nightclub you own, where you’ll see a boost in sales.)
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Manage streaming, physical sales, and licensing deals.
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Compete with rivals for top talent and chart dominance.
This is another way to take calculated risks in a new business venture.