Conventional wisdom in the dance music world would have you believe that record labels don’t make any money anymore. And for the most part, this is true – there are a lot of labels in this industry that appear to be run “for the love”, as they nauseatingly put it.
But some of them are still run for a profit – and one of those that is doing very nicely indeed is John Digweed’s own label Bedrock Records. Ears To The House took a look – mostly out of our boundless sense of curiosity – on Companies House, the government register of companies in the UK.
Bedrock Music Limited was founded in August 1999 – making it one of few labels from that era that survives to this day. Certainly a praiseworthy achievement in itself – but how much money can an established label like this make nowadays? Well, the figures are tucked away in their filings.
As of December 31st last year, Bedrock had a total of £116,307 in equity – a slight rise from the £113,478 the business held at the same time in 2021. To give a little further context, the figures for end of years 2020 and 2019 were £99,134 and £87,476 respectively – meaning that the business continued to grow quite substantially during the pandemic.
And they say record labels can’t make money anymore…