Yeah Andy, I have been battling Rich Eagan and his California Vagrant Records since 1991. They sold their soul to TeeVee Tunes so they could sign folks like the Get Up Kids, Alkiline Trio, MXPX and even Paul Westerberg and Rev Horton Heat to multi-record deals. I have had to deal with lots of confusion (and some real leagal Bullshit) over the years which drained both my engergy and resouces away from the Music I Love and Support here in the Pac NW. Fortunately I have cut my expenses way down to the bone and live for what I do. I had an opportunity to purchase the building my recording studio is located in and that actually kept my expenses down and brought in more income. It was a trade off though for years I couldn't tour or perform live because I was always recording some band for cash. Now the income from the studio (and the fact that I have other engineers working at my studio) have allowed me to put out albums again. I got lucky though. I still need to find folks to purchase what I have in my back catalog so I can get rolling again.
Another issue with being an Indie label is the lifetime of most bands isn't that long. In order to sell enough product by them to break even you have to have folks buy first pressing out right away before the band implodes. I have had so many bands break up right after I press things, that I had to wait almost too long before releasing some products (or not release them at all on CD/Vinyl but CDRs in small runs instead) due to my "wait and see so I won't get burned" skittishness. I know many of you out there have similar experiences like this. All your excess cash gets tied up in "The Next Big Thing" for your label and you worry "Is it gonna happen?" or "Are they gonna break-up" just as I press things up and have 1,000 beer coasters/xmas orniments?
Lemme Know. Post it here!