The Big 3/4 <ul><li>The whole music industry can mainly be split into four big major companies that dominate the overall sales around the world, these companies are EMI, Universal, Warner music group and Sony. The reasoning for it also being known as the big three is because recently EMI was absorbed by Universal. </li></ul>
EMI-History <ul><li>EMI (Electronic and Musical Industries) was formed on March 1931 by the merging of Columbia Graphophone Company and the Gramophone company is located in London, United Kingdom. </li></ul><ul><li>It was one of the biggest music companies, as it was one of the first music companies and initially started by producing electrical goods and was at the for front of musical technology notably providing the bbc with their first transmitter. </li></ul>
EMI-History <ul><li>They were also involved in music producing opening the notorious Abbey Road studios and went on to sign legendary acts like the beatles. </li></ul>
EMI-What happened? <ul><li>It was the fourth largest music Company when it was part of the big four meaning that it was the lowest grossing of the group. However in 2011 they were able to amount nearly $4 billion dollars worth of debt meaning that they were forced to sell off pieces of their company to Universal and Sony, selling the music arm of the Company to Universal for $1.9 billion and the publishing side of their compan y going to the Sony company for $2.2 billion. </li></ul>
<ul><li>Universal is a multinational music company and is the largest of the ‘big four’ due to it’s leading market share and multitude of global operations. </li></ul><ul><li>It owns also owns a music publishing company (universal music publishing group) this was the world’s biggest in 2007. </li></ul>Universal-history
Universal-History <ul><li>Universal music originated from the film studio and was founded in 1934 and named Decca Records, in 1989 it changed to MCA music Entertainment. </li></ul>
Warner Music Group <ul><li>The Warner music group is the third largest of the big four, for three decades it was known as WEA (Warner Bros Elektra Atlantic Records) </li></ul><ul><li>The current warner music group was formed in 2004 when it became separate completely seperating themselves from Time Warner. The music Group also contains a publishing arm being called Warner/Chappell Music. </li></ul>
Sony Music Entertainment <ul><li>Sony Music Entertainment (SME or Sony Music) is the second largest of the “big four” </li></ul><ul><li>The company was formed in 1929 as the american record corporation (ARC) through the merger of several smaller record companies. </li></ul>
21 st century music <ul><li>As technology advances so has the need to be able to access music on demand, no longer to people go out and purchase the CD and use it to listen to their songs now they will use various online sites that allow them to purchase singular songs and albums. They will purchase them using sites such as iTunes or spotify, by buying it online they do not have a physical copy of the song, they instead have a MP3 copy of the song which they are able to put onto their various devices for example a mp3 player or a iPod. </li></ul>
<ul><li>The disadvantages when it comes to this new online era is that the use of the song is restricted, this means that they are unable to give their songs to their friends or sometimes in the case of iTunes and other sites they are unable to even put the music onto a different brand of multi media player. Also with the use of MP3 format it has been made a lot easier to illegally obtain the song with sites being made just so that people are able to obtain songs without having to pay for them. This could be seen as a extremely bad thing because the music industry will miss out on money, but others would argue that the music industry makes enough money for this to not have a massive effect this is because the artists and bands can still make millions. It does this through tours, merchandise and also rights to their music being shown on TV. </li></ul>
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