2. What is their current market share and where are they based?

3. How much money does the industry make per year?477202516637000How many companies comprise the music industry and who are they? <br />Major labels 2004–2008 (Big Four)<br />284797518478500Warner Music Group<br />EMI<br />Sony BMG (Sony and BMG joint-venture)<br />471932017272000Universal Music Group<br />Major labels since 2009 (Big Four)<br />28479752286000Sony Music Entertainment<br />EMI Group<br />Warner Music Group<br />Universal Music Group<br />As you can see only 4 major labels compromise the music industry. These labels are Warner Music, EMI, Sony Music and Universal Music.<br />What is their current market share and where are they based?<br />394335016319500For the first time in memory, there’s a real race in overall market share among the Big Four, with runner-up Sony Music Entertainment, thanks in large part to nabbing two of the year’s Top 10 albums to date in Sade and Susan Boyle, finally closing the gap on perennial leader Universal Music Group. The two are essentially deadlocked for the top spot with 26.7% apiece. SME is up an impressive 5.3 percentage points over last year at this time, while UMG dipped 1.7 to put the two in a tie. In total market share, Warner Music Group (14.8%, -1.3) still leads EMI (11.8%, +3.1) by 3 percentage points, but in new releases, the gap is much closer, with WMG (12.9%) ahead by less than 5%.<br />EMI are based in New York, along with Universal music and Sony Music Entertainment, WMG however are based in London.<br />How much money does the industry make per year?<br />The global market was estimated at $30–40 billion in 2004. Total annual unit sales (CDs, music videos, MP3s) in 2004 were 3 billion.<br />According to an IFPI report published in August 2005, the big four accounted for 71.7% of retail music sales:<br />Universal Music Group—25.5%<br />Sony Music Entertainment—21.5%<br />EMI Group—13.4%<br />Warner Music Group—11.3%<br />independent labels—28.3%<br />400050065341500Prior to December 1998, the industry was dominated by the quot;
Big Sixquot;
: Sony Music and BMG had not yet merged, and PolyGram had not yet been absorbed into Universal Music Group. After the PolyGram-Universal merger, the 1998 market shares reflected a quot;
Big Fivequot;
, commanding 77.4% of the market, as follows, according to MEI World Report 2000:<br />Universal Music Group — 28.8%<br />Sony Music Entertainment — 21.1%<br />EMI — 14.1% <br />Warner Music Group — 13.4%<br />Independent labels — 22.6%<br />35560083185000According to the IFPI more than 95% of the total revenue from music in 2003 was derived from the 30 major countries in the proportions shown above, organized roughly by geographic location. Although it is commonly accepted that the three major music markets are The United States, United Kingdom and Japan.<br />Overall it is estimated that the music industry can make on average $40 billion per year.<br />