Major Music Companies
The same as the film industry, there is also major people who are involved in the music industry. The first thing that i will go through is the major music labels. The music industry is dominated by four major multi national companies and they are Universal, Sony Music, Warner Brothers and EMI. They are known as the major companies because as well as 'having their finger in; the other businesses such as film, TV and electronics. Universal Music Group (UMG) is the largest American music corporation as well as being the biggest in some of the other categories, their publishing company is the second largest in the world which makes Universal overall; a very big company.
EMI is a British (Finally!) multinational music recording and publishing company and occasionally an equipment manufacturing company which is HQ'ed in London. At the time of it's break-up, it was the fourth largest business group and family record labels in the recording industry. The company then began to have financial troubles and $4 billion in debt in February of 2011. They would then have to sell their arm of the company to Universal Music Group for $1.9 billion and Sony/ATV for $2.2 billion.
Major- Independent
Volumbia Records is a premier recording label which is currently under the ownership of Sony Music Entertainment and was founded in 1888.
Syco Music which was previously called Syco Records is a British record label whic was founded in 2002. It is distributed by Sony Music only for the United Kingdom music industry while in America all of the music that it produced is released by Columbia for The United States.
The RCA Music Group was the umbrella group to Sony Music Entertainment between the time of MAy 2004 to 2009. But then later sometime between July 2011 and October 2011, the music group was then merged into RCA Records to become one company.
Virgin Records is a British record label that was founded by many iconic figures in 1972. The comany then began to grow when platinum artists such as Janet Jackson and te Spice Girls began performing with the company. Virgin Records is currently owned by Universal Music Group.
Independents
There are those companies who are a lot smaller than the Majors and `Major-Independents which will have either little or no financial connection to the majors. These types of companies decide to concentrate their energy on a much smaller number of acts. An example of a successful independeny company could 'Domino Records'. Normally for independent companies, that start off as record labels who then may or may not be chosen by a major company which will then in title make them a major-independent.
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