Copeland: Escalating talent costs and bidding wars ultimately killed I.R.S. Records
Miles Copeland · I.R.S. Records: Miles Copeland · Dec 26, 2022 · at 51:18
Miles Copeland, founder of I.R.S. Records, explains how major-label competition for alternative rock acts inflated signing advances and destabilized the independent label.
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“Yes, that is exactly what happened to IRS records, which meant that the money I had to offer to sign the act had to increase, which meant the risks increased, and I think in the end it finally killed IRS.”
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