The world music market is dominated by the big four major record labels. These 4 companies control around 70% of the world music market and around 85% of the United States music market:
EMI Group (UK) - revenues $3.8 billion (2004) - 7% of US Market - 8,000 Employees
Warner Music Group (USA) - revenues $2.6 billion (2005) - 16% of US Market - 4,000 Employees
The global market was estimated at $30-40 billion in 2004 [2]. Total annual unit sales (CDs, music videos, mp3s) in 2004 were $3 billion. Sony BMG Music Entertainment is the result of a 50/50 joint venture between Sony Music Entertainment (part of Sony) and BMG Entertainment (part of Bertelsmann AG) completed on August 5, 2004. ... Note: This page should be merged with Music Corporation of America. ... The EMI Group is a major record label, based in Hammersmith, London, in the United Kingdom and with operations in over 25 other countries. ... Warner Music Group is one of the Big Four record labels. ... Interference colors. ... Kylie Minogues video to Spinning Around (2000) A music video (also video clip, promo) is a short film or video meant to present a visual representation of a popular music song. ... MP3 is a popular digital audio encoding and lossy compression format invented and standardised in 1991 by a team of engineers working in the framework of the ISO/IEC MPEG audio committee under the chairmanship of Professor Hans Musmann (University of Hannover - Germany). ...
In 1918 worldwide sales of phonograph/gramophone records were estimated at 100 million units. 1918 was a common year starting on Tuesday of the Gregorian calendar (see link for calendar) or a common year starting on Wednesday of the Julian calendar. ... It has been suggested that Direct-drive_turntable be merged into this article or section. ...
Notes
^ - BMG - revenues $2.8 billion (2000), Sony Music Entertainment - ~$6 billion.
^ - According to the RIAA the world music market is estimated at $40 billion, according to IFPI (2004) it is estimated at $32 billion.
The following is a partial list of record labels, both past and present. ... This is the list of best selling music artists (including groups) worldwide, alltime. ...
External links
http://www.move.de/amm/ECON.htm
http://www.zobbel.de/ - World records sales in years 1994/95/97/98.
Most majorrecordlabels are owned by a few large multinational companies (Big Four recordlabels) that make up the almost all of the global recording industry, although there is a recent resurgence in independent recordlabels.
Often the recordlabel's decisions are correct ones from a commercial perspective, but this typically frustrates the artist who feels that their artwork is being destroyed.
Such labels have a reputation for being fiercely uncompromising and especially unwilling to cooperate with the Big Four recordlabels at all.
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