In the mid-2000s, indie rock was booming, and major labels swooped in to sign many of the genre’s biggest acts. Two decades later, MGMT, The Decemberists, Death Cab for Cutie and Modest Mouse, among others, have emerged from those deals into a wildly different music industry. For artists who are coming out of long contracts, “it’s a whole new era,” says Kirk Harding, a longtime manager and co-owner of label and management company Bad Habit. Recording contracts changed drastically between 2004 and 2024. There is also a new set of players for artists to choose from — not just the major labels and prominent indies, but a
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