"I guess I've learned that there's really no such thing as a bad label, there is only a bad contract"
About this Quote
The specific intent reads as both warning and absolution. Warning, because it reframes success as something you can be contractually tricked out of even when the music connects. Absolution, because it declines to demonize the entire industry. A label is a tool - distribution, marketing, radio muscle, tour support. The “bad” doesn’t live in the logo; it lives in the deal terms that decide ownership, recoupment, royalties, creative control, and how long you’re tethered to a machine that profits even when you don’t.
Subtext: maturity earned the hard way. Steele’s “I guess” signals reluctant wisdom, not a manifesto. It also smuggles in a kind of working-class pragmatism: don’t rage at abstractions; read the fine print. In the ‘90s and 2000s, as artists started publicly battling labels and later pivoted to DIY dreams, Steele’s take anticipates the modern reality. Independence isn’t automatically freedom; majors aren’t automatically cages. The contract is the moral document. Everything else is branding.
Quote Details
| Topic | Music |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Steele, Peter. (2026, January 15). I guess I've learned that there's really no such thing as a bad label, there is only a bad contract. FixQuotes. https://fixquotes.com/quotes/i-guess-ive-learned-that-theres-really-no-such-62590/
Chicago Style
Steele, Peter. "I guess I've learned that there's really no such thing as a bad label, there is only a bad contract." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/i-guess-ive-learned-that-theres-really-no-such-62590/.
MLA Style (9th ed.)
"I guess I've learned that there's really no such thing as a bad label, there is only a bad contract." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/i-guess-ive-learned-that-theres-really-no-such-62590/. Accessed 15 Feb. 2026.


