The document discusses several major music institutions that fund and create music videos. Sony Music Entertainment is the second largest recorded music company, founded in 1929. Warner Music Group was founded in 1958 and evolved over time, renaming to Warner Music Group in 2004. Universal Music Group is one of the largest businesses in the music industry, founded in 1934 and developing into its current form. EMI Music Publishing is the fourth largest music company, founded in 1931 under the name Electric and Musical Industries Ltd. These institutions are based primarily in New York, except for EMI which is headquartered in London.