Are Record Labels Needed In the Modern Music Industry? - The New Reality of Music. - Describe the role of record labels for artists - Why they have begun to be less useful for artists - How streaming has effected the position of record labels in the music industry Start Of Article: It is no surprise that up and coming musicians strive to be signed to a record label. For them, it appears to be the most direct path to the success they desire. However, for new starters, signing to a label could only push them in the wrong direction. Being a musician is expensive and only those widely recognised make enough to survive when signed to a label