And do you know why they signed those bands? BECAUSE PEOPLE BOUGHT THOSE RECORDS.
Weird how record labels sign bands that have a popular sound, it's like they're trying to make money and be a sustainable business in what has turned into an almost impossible to survive industry.
Why didn't HWM sign to an indie punk label? Because it's not 1998 and they don't have to.
I'd rathe a record label have integrity and sign good bands (Discord, No Idea) than be worried about making money. There are lots of great independent labels out there that don;t make a substantial amount of money, but they're still able to sign great artist.
I don't see someone like Ian Mackaye or Mike Park signing an artist just so they can add an extension to their house.