Plenty of companies will mass upload your music to all of the streaming sites for like $20-30/year which sounds pretty cheap compared to the old days of needing a record label to do anything other than play in bars. Those companies aren't considered record labels, they are distributors which is almost what Spotify is doing. Some of those distributors offer engineering and marketing services too but it still doesn't make them record labels. There are so many record labels out there that there really isn't an issue with another smaller one popping up.

I'm sure they're fine with the small fish. But with Spotify, Apple, and others who might have the financial muscles to become a threat if given the chance? I'm not so sure.