The document discusses the history and evolution of the music industry from the launch of MTV in 1981 to recent developments in digital music and streaming. It notes that five major record labels previously dominated but that technology companies and consumers now have more power. The record industry has seen a 25% decline in album sales since 2000 due to piracy and digital shifts. New models are emerging like music streaming, but royalty rates remain an issue.

1. Music & New Media

5. Warner Music Group