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Real independant labels are the ones where a band can shit on a mic and release it. Mainly all these little noise labels who don't give a fuck. I dunno. There's big labels, independant labels (like the aforementioned Matador, who have had help distributing their stuff from larger labels), and then there are just pure basement labels, which to me represents the truest definition of independence; no compromises, no music video contracts, etc.
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