The purpose of establishing an independent record label is to capitalize on the growth of the music business - an industry that continues to grow despite the sluggish state of the world's key economies. Music has become the most popular form of entertainment. Some current statistics which have contributed to this, include the fact that Americans spend more money buying prerecorded music and videos than they do going to the movies or attending sports events and Americans own more CDs and tape players than bathtubs, refrigerators and washing machines. Worldwide, the annual sale of cassettes…
