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The Big Four
(The music industry’s major company players)
Concentrated Interests
• The music industry traditionally dominated by a few major companies.
• Due to cooperate takeovers, power has become concentrated with four major companies dominating .
• These companies are part of a larger conglomerates, which is a huge group of international companies that has interests in many fields e.g Sony.
• In 2008 the industry was worth aprrox $30 billion
Example of a conglomerate in Music.
Universal Music GroupsMCA RecordsPolygramIsland/Def JamDecca RecordsUniversal RecordsInterscope recordsRising Tide
Universal Music Group (BIG 1)
• 35.12% market share• Label Includes: Geffen
Records, Island Def Jam, Motown Records, Verve Music Group, Decca Music Group.
• Artists include: Gwen Stefani, Elton John, Jimi Hendrix, Kanye West, Shania Twain.
Sony Music (BIG 2)
• 22.79% market share.• Labels Include: Arista
Records, Columbia Records, Jive Records, RCA Records
• Artist Includes: Alicia Keys, Usher, Chris Brown, AC/DC, Leona Lewis
Warner Music (BIG 3)
• 21.12% market share.• Labels Include: Atlantic
Records, Warner Bros Records.
• Artists Include: R.E.M, Green Day, Eric Clapton, Gnarls Barkley.
EMI (Big 4)
• 8.35% market share.• Labels Include:
Capitol Records, Virgin, Blue Note.
• Artists Include: Coldplay, Katy Perry, The Rolling Stones, Lenny Kravitz.