A record label is an organization that discovers an artist, gets the best song writers, best producers, records and promotes the artist so that he becomes a success and a star, but most importantly, makes money for the label.
The Artists in some cases are paid a sign on fee, it is of import to note that the record label bares all expense and is expected to make its money back from the success of the artists revenue thru percentages AFTER all expenses on the artists have been paid for
In recent times, record labels have dragged their artistes to police stations and even to courts over breach of contract.
Cliqloaded.com presents 10 artistes that have had issues with their record labels.
1. Dbanj And MoHits Records
Former Mo’Hits Records’ frontline act, Dapo Daniel Oyebanjo popularly known as D’banj, parted ways with his label of many years in 2011. Unconfirmed reports says the fallout between D’Banj and Mo’Hits’ boss, Don Jazzy, who was responsible for most of D’Banj’s hit tracks, is not unconnected to disagreement on royalty from Mr. Endowed remix featuring American rapper, Snoop Dogg.