"I guess I've learned that there's really no such thing as a bad label, there is only a bad contract"

Peter Steele’s statement reflects a pragmatic view of the music industry. The phrase contemplates the longstanding debate about the perceived reputation of record labels and where the true risks and rewards for artists lie. For decades, musicians have blamed “bad labels” for stifling creativity, exploiting artists financially, or otherwise being agents of misfortune. Conventional wisdom often warns artists to stay away from certain companies with notorious histories or questionable ethics.

However, Steele’s insight redirects concern away from the label’s reputation alone and towards the nature of the contract signed between an artist and the company. In his eyes, labels themselves function as business entities that, at their core, exist to finance, distribute, and promote music. They all ultimately seek profit, and each is capable of providing resources, expertise, and opportunities. Whether the relationship turns out for good or ill rests not in the intrinsic morality of the company but in the terms that govern the agreement.

A “bad contract” can exist with any label, regardless of size or public image. It may contain clauses that cede excessive rights, trap artists into debt through recoupable advances, demand unreasonable creative control, or pay unfairly small royalties. Conversely, a well-negotiated contract with even the most reviled label might offer favorable terms, grant creative freedom, and support the artist’s career. Artists who understand their rights, employ knowledgeable representation, and exercise caution when signing maintain more control over their destinies.

By shifting the focus from blaming labels to scrutinizing contracts, Steele emphasizes the importance of legal literacy and due diligence. This perspective encourages artists to empower themselves and enter business relationships with open eyes. An artist’s success hinges less on the names involved and more on the conditions they agree to, inviting a responsible, proactive approach to career management.