This one is hard to argue with, probably for anybody... as Rick points out, they are after people who have made a product already they can polish and sell... they aren't interested in taking raw musicians and making them into a product.

The music industry currently signs, on still pretty poor deals, artists who have already got themselves out there with a strong social media following... so then who the hell needs the major labels? Why don't artists go their own way?
With independent artists now making six-figures from music-related activities through huge followings on social media and patreon, does the long promised land where artists have more control, more of the money they make and direct communication with fans look closer. or have the labels now done enough to survive?
Some promising new bands, like The Last Dinner Party, are signed to majors (UMG, via Island) , some, like the Reytons, really are treading their own path.
Obviously, some genres, like Dance and Metal, have always relied on small independent labels anyway, so the fall or survival of the majors will barely raise an eyebrow.
The Last Dinner Party ≈ the best thing ever...
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He's like that guy who gets squashed by the Nazgul near the beginning of Fellowship of the Ring...
https://www.youtube.com/channel/UCg_imQDC4eUOjuBBRl2mBwA
https://www.youtube.com/watch?v=LyQgllCIpqY
https://rozaliftwave.bandcamp.com/
It's not a surprise for anyone - but it does present a stark choice to artists - they can sign up with a dragon in one of the major labels or just do what you wonder they don't do more often on Dragon's Den... walk into a bank and borrow money to grow your already successful business.
What exactly, based on this, is the benefit of signing with a major label? It sounds like they just want a cut of the success you've already got.
Why is nobody talking about the fact that he looks eerily like Rick Sanchez from Rick & Morty?