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Record companies take big share in the work of the music industry. They sign, develop, record, promote, publicize and sell music. Of course, all those things happen before the album ever gets into the store. Remember that today, many record companies are huge corporations that own a variety of record labels. These corporations usually consist of a parent company that owns more than one record label. Often, the subsidiary labels are each mini-companies operating under the umbrella of the larger corporation. To describe the hierarchy of a record company, its best to start at the top. The CEO or Chief Executive Officer is in charge of the business of the whole company. In addition, each label also has its own president. Legal Department is responsible for all the contracts that are made between the company and the artist, as well as contracts between the record label and other companies. Any legal issues that arise (such as lawsuits between an artist and the company) go through this dep
