The Hotelier and Emperor X Form New Record Label

  • Cole Faulkner posted
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Christian Holden (The Hotelier) and Chad Matheny (Emperor X) have joined forces to form a new record label.  The label is called Dreams of Field Recordings (DoFR) and marks a new artist-managed cooperative venture.  The label is said to function much like other independent labels but with three key differences rooted in a DIY/punk ethos:

1. NON-PROFIT MOTIVE: 100% of the label profits must be reinvested into member-artists and their releases. While many labels spend profits more or less like this already out of good faith, DoFR will bake this requirement into artist contracts and its founding articles of organization. This removes economic incentive to invest only in projects that are more likely to sell, leaving more room on the release schedule for albums that challenge the current state of music.

2. DEMOCRACY: Major decisions (such as signing new bands) will be made by a board of all artists signed to the label on a consensus basis. Day-to-day operations will be carried out by working groups (paid people), performing the tasks label owners perform, but accountable to the artist board.

3. TRANSPARENCY: Label financial statements, including a list of all label/artist revenue and costs, will be available to the public on DoFR’s website. This is an attempt to eliminate the confusion of music makers and their fans about how capital flows around music communities.