Any respectable artist has really given up on a label because the labels are still kidding themselves that the only way to go is to sign these big names like Lady Gaga and expect to make gazillions.
Every time I meet the CEO of a record label I tell them how they did it in the seventies because they want to know. I tell them, "Sign a hundred people! Throw it against the wall and see which ones stick!" And they frown and say, "Oh, we can't do that!" and they start mumbling about demographics and this and that.
The labels are not getting the returns they want from their PR. Plus, for every Taylor Swift there are a hundred thousand nobodies out there who are probably making better music. Self-releasing is the only way to go.