The music industry

The music industry consists of 5 major once called Sony, universal, Warner, BMG and EMI. The four first once mentioned are conglomerates and has a global interest in the media and together they own around 76 percent of the UK music market. These four also have oligopoly which means that they own, control and construct the market/industry. EMI is a bit different from the other major once since it’s a national music company and does only do music and nothing else like movies and so on.

But then there are also Minors also called independent companies which on the first hand are known to use a different distribution line to get their product out to their consumers. These companies are often seen as more creative with their music and so on because the quality is very important if you can’t spend to much money on marketing and distribution. The independents own the rest 24 percent of the market and are some different once like domino records, ghost box, essential direct and so on. Some of these smaller companies are subsidiaries which mean that they are working together with the major companies in example the line of distribution.

Overall the work of the company is very important for the success of the artist, also referred to as their product which they create an image to.