What is a music label?? is it a name of the producer? studio? what does it do?

A music label is responsible for the promotion of the band - essentially making money for/out of them. They either record or commission others to record new material, distibute it (i.e. in their own shops or give other shops permission to sell it on their behalf), promote concerts, videos, recordings and the band in general, and sometimes organise events and tours for the band to play in. They also handle any copyright issues (getting songs copyrighted and suing if that copyright is breached) Essentially they're responsible for the business side of music. Not all record labels do all these things but the major ones (Sony-BMG, Warner-EMI and Universal-Polygram) certainly do. Some leave recording up to the bands and merely promote CDs for instance.

The name doesn't really mean a lot, you could call it anything. Some record labels have their own studios so it would be known as the "Island records studio" for instance. Equally some record labels have other people produce (i.e. do the actual manufacturing of the CDs) for them.

A music label is pretty much the distributor of the albums. Kind of like a movie studio like Dreamworks or Universal. the get the albums made and get them to the consumer and they get most of the money.

The music label is the name of the company which signs the artist/band, and is responsible for releasing their records.