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Why the 'Vinyl Revival' Is a Blessing and a Curse for Music Entrepreneurs | Inc. Magazine

678 views · Published 14 December 2015 · 1:28 · Indexed 10 November 2026

Channel: Inc. · 2015 · News & Politics

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We caught up with Jeremy DeVine, the founder of the surprisingly durable indie music label Temporary Residence, to find out how his company is weathering a music world that's all about streaming.

BY JON FINE

So making this video was slightly awkward, I guess, because I've known Jeremy DeVine--the founder of the renowned independent record label Temporary Residence --for years and consider him a good friend.

Also, I kind of owe him money.

I'm serious. In 2011 his label reissued my old band's records, and our sales have yet to recoup our advance and Temporary Residence's manufacturing costs.

That bit of business out of the way: DeVine is a pretty sui generis character in his milieu. An entrepreneur in a decidedly marginal sector--one devoted to brainy, off-center, and often difficult music that generally shares the DNA of various strands of the punk rock movement even if few of the bands on his label actually sound like, say, the Sex Pistols or the Stooges--his label is now celebrating its 20th anniversary, and remains successful and wholly independent. Like a few indie labels, it has kept going strong even as unprecedented carnage wrecked much of the rest of the music industry.

An accidental entrepreneur, he started his label solely to put out his own band's work, but then began releasing records by bands that hailed from his hometown of Louisville, Kentucky. "I liked their music," he recalled. "I had no idea what I was doing. But neither did they."

He got his start "the old way" he told me. "Start out with $350. Which was the base beginning cost of the label. That paid for the first 7". I would wait until that [record] would sell enough to pay enough for 7" number two."

Read the rest of the article, and watch part two of the video, here: http://www.inc.com/jon-fine/drinks-with-jeremy-devine-temporary-residence.html

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