Skip to main content

WMG Launches Digital-Only Music Label

Major record label Warner Music Group announced the launch of "Cordless Recordings," a new digital-only label imprint headed by Jac Holzman, the founder and former CEO of Elektra and Nonesuch Records. In an unorthodox move for a major label venture, Cordless will allow bands to retain rights to their master recordings, which will be distributed in clusters of three or more songs on digital services, rather than as full albums.

Cordless will initially sell clusters from signed artists Jihad Jerry & The Evildoers, Breakup Breakdown, Dangerous Muse, Nozzle, Koishii & Hush and Humanwine, on iTunes, Rhapsody, Napster and new, legal peer-to-peer services like iMesh and the forthcoming Mashboxx.

"When we started to think about Cordless, certain lessons from the past kept returning to me," said Holzman. "The close, creative relationship with artists and their fan base by frequent release of records, keeping costs low and having a methodology that would let us use our medium to introduce our material to more fans. Cordless is a community intended to give new artists their chance, and a process that connects an audience to our artists' creativity. This is who we are and that is what we have pledged to do."

Popular posts from this blog

Banking as a Service Gains New Momentum

The BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without