No it isn't? Like there was never a company who said "we need to have a teenage band, let's hire some producer and then hire some good looking boys to sing the stuff for us" and then the Beatles happened. The band got together, got the manager and the manager signed the deals for them. their music
Prince literally lost his name for years. Record labels and management companies exert and have historically exerted a tremendous amount of control over artists. And in some ways it's getting back to the way it was in the 50s and 60s with the rise of 360 deals.
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