Music industryLooking at the key factors

The Big FourThe music industry is dominated by four big companies and also the record labels that make it up. As well as songwriters, producers, managers, singers and directors. The four companies that dominate are as follows: Sony Music Entertainment EMI Warner Universal

Other Companies that control the market…

Smaller conglomerate companies that own other companies not music related, have a share in the market. Where EMI for example aims for the mass audience targeting everyone, these smaller markets aim for a niche audience as well as a mainstream artist.

Rise and Fall in sales of Hardware copies of music and Digital: Sales of CD’s falling steadily (9%) Sales in digital copies rising (7%)Piracy produces a loss of 4 Billion+ pounds on annual revenue.

Synergy connecting the music industry to the film…

Frozen Soundtrack hits 4 miliion copies sold in the US (2015). Also reached number 1 on the album charts.

Fifty shades of grey soundtrack featured famous artists and created a profit 7 Billion+ pound.

Music Buyer Vs. Streamers

It has been said by many in the industry that free streaming sites such as YouTube or Soundcloud create a massive impact on the market, as a large proportion of consumers regularly stream songs instead of buying.