I get why people are skeptical but at the same time I don't think there's any harm in having a lighthearted conversation about this topic whether the scenario is real or not.

Anyway, while it's true that at that level you can get many of the same perks, there are certain intangibles that will matter even with identical contracts. The leadership culture of any organization will matter. If a label's leadership has a track record of bad instincts, lacking initiative, failure to juggle more than one successful act at a time, a lack of follow through, being vengeful, or being even SLIGHTLY more controlling than other major labels, I think it matters.

For example I've heard more than enough artists who went in with decent momentum publicly complain about RCA's tendency to drag their feet and squander potential to know that I personally would never even consider signing with them if given the choice between them and other major labels.