Thursday 21 September 2017

Record labels


"The business of music is a global multi-billion dollar industry comprised of individuals creating the music, and a whole lot of people doing everything else: working at labels, distribution companies, publishing companies, recording: studios, artist management, promotion, producing, and legal counsel."

Nielsen SoundScan in their 2011 report noted that the "big four" controlled about 88% of the market. The largest record labels are; 
  • Universal Music Group (USA based) — 29.85% 
  • Sony Music Entertainment (USA based) — 29.29% 
  • Warner Music Group (USA based) — 19.13% 
  • Independent labels — 12.11% 
  • EMI Group - 9.62%

These companies have subsidiary ones as they are conglomerates, so these large record labels contain multiple platforms. 













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