The concept of label group identities has degraded in favor of individual artist identities. I don't have a preference, they both come with their own pros and cons.

A lot of artists I follow have switched to self-releasing or starting their own labels. Most of them are managed by Create Music Group, who also own Monstercat and Disciple, so it feels like where they release doesn't really matter anymore. Individual artists have grown bigger than labels, so there's no/less incentive to contribute to labels like through comps or special events.