THE MAJOR MUSIC INDUSTRIES BY: SYED RAIHANUL HAQUE
‘THE MAJOR FOUR’ 4 3 2 1 World music market sales shares, according to IFPI (2005) World music market sales shares, according to IFPI (2005)
WHAT ARE ‘INDEPENDENT’s? As shown in diagram 1: We can view the dominance of independent labels globally for the music industry. An INDEPENDENT: They are usually small independent record labels such as Triumph Records which have no financial connections to the Major’s, AT ALL. THEIR AUDIENCE? Initially they appeal more towards niche audiences and employ/take on a smaller quantity of artists which they aim to keep a more ‘organic look’. An example of this may be artists under the genre of dub-step, a genre which has not been around for long, originating from South London, which has grown large popularity within the youth. Diagram 1: World music market sales shares, according to IFPI (2005)
WHAT ARE THE MAJOR’S? MAJORS are most often known for their size and usually own their own or licence, supplementary line of companies. This allows them to reach a greater variety of the audiences and have the chance in appealing to more genres which they are known as Diagram 1: World music market sales shares, according to IFPI (2005) Major-Independents. The major four are owned by the Live Nation which arise as the largest promoter and music venue owner, consequently, controls the music industry. Not only do they promote music, however they also promote various other forms of entertainment such as TV, Film, and Magazine. Alongside this the Major/Big Four have authority over smaller companies which produce and provide entertainment which we consume Majors and independents are very similar in the way they that they produce music, HOWEVER are very different in the way they promote it.
What THE‘Major 4’ Industries produce? Pesado LATIN Billy Ray Cyrus COUNTRY Will Smith R&B As the largest business in the music industry, they are apart of the Major Four; which the company was founded in 1934 as DECCA Records USA, however was developed in 1990 to MCA Music Entertainment Group. Six years later, the first UMG succession was formed, which was developed, to what we know as the ‘Universal Music Group’. Several music labels they share include Polydor Records and Interscope Records. All Time Low POP 50 Cent RAP Alice Deejay ROCK
JLS DANCE-POP Michael Jackson ROCK/PUNK Christina Aguilera POP AC/DC ROCK Beyonce R&B Bob Dylan COUNTRY/FOLK Sony BMG Music Entertainment was a global recording music company which was a joint business enterprise between the Sony Corporation of America and Bertelsmann AG in 2004. The merger affected both music group companies in a negative way world wide apart from Japan, as a result, on August 5th 2008, the Sony Corporation of America then decided to buy the other half belonging to Bertelsmann AG and became the venture’s successor for $1.2 billion. With Sony Corporation of America now owning 100% of the company, they decided to rename it to Sony Music Entertainment Inc. The Sony Music group is also apart of the Big Four and is the second biggest music company in the recording industry. Several record labels by Sony BMG Music Entertainment include Columbia Records and Syco Music.
Estelle SOUL/Hip Hop Jason Mraz REGGAE/MANDOLA B.O.B RAP Metallica HEAVY METAL My Chemical Romance ROCK Warner Music Group is the third largest recording company, hence making it one of the music institutions belonging to the Big Four. The Company was founded in 1958 and was known as Warner Bros Records but was sold to Seven Arts Productions in 1967. In the 1970s the Warner Group built up a well known status in the music industry, and in the same year gained its first overseas bureau in Canada and Australia. With Warner’s growing success in 1972 the company had renamed it self WEA Corp which stood for it’s three main labels, Warner Bros, Elektra and Atlantic. In 2004 the company was renamed to the Warner Music Group as it became an independent holder. Several record labels by Warner Music Group include Electra Records and Bad Boy Records.
Snoop Dog RAP Nickelback ROCK Arctic Monkeys INDIE ROCK The Beatles ROCK Kylie Minogue POP EMI Music Publishing is the Fourth Largest and final Major Four Music Company in the recording industry and is a British Music Company. EMI was founded in 1931 as the Electric and Music Industries ltd and has a merger of the UK Columbia Graphophone Company and the Gramophone Company which was well known during that period for one of it’s record labels, His Master’s Voice. Still ,EMI Remains and continues to thrive it’s name in the music industry today. Several record labels by EMI are Angel Records and Blue Note Records.