Record labels are responsible for marketing, distributing, and managing the copyright of music videos and recordings. They work with artists to promote their music to wider audiences through platforms like MP3, TV, and radio. There are two main types of record labels - major labels that spend millions promoting mainstream artists, and independent labels that focus on local and niche genres with less funding. The document discusses how an independent UK label called LAB Records would be a good fit for the artist due to its focus on pop-rock music. It also outlines what can and cannot be done with copyright for a music video, such as making it clear it is a non-imitative cover version rather than claiming the original song.