Music industry
hideThe music industry (or music business) sells compositions, recordings and performances of music. Among the many individuals and organizations that operate within the industry are the musicians who compose and perform the music; the companies and professionals who create and sell recorded music (e.g., music publishers, producers, studios, engineers, record labels, retail and online music stores, performance rights organizations); those that present live music performances (booking agents, promoters, music venues, road crew); professionals who assist musicians with their careers (talent managers, business managers, entertainment lawyers); those who broadcast music (satellite and broadcast radio); journalists; educators; musical instrument manufacturers; as well as many others.
In the late 19th century and early 20th century, the music industry was dominated by the publishers of sheet music. By mid-century records had supplanted sheet music as the largest player in the music business. Since 2000, sales of recorded music have dropped off substantially, while live music has increased in importance.
There are four "major labels" that dominate recorded music — Universal Music Group, Sony Music Entertainment, Warner Music Group and EMI — each of which consists of many smaller companies and labels serving different regions and markets. The live music industry is dominated by Live Nation, the largest promoter and music venue owner. Live Nation is a former subsidiary of Clear Channel Communications, which is the largest owner of radio stations in the United States. Other important music industry companies include Creative Artists Agency (a management and booking company) and Apple Inc. (which runs the world's largest music store, iTunes Store, and sells the iPod and iPhone).
For more information about Music industry, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with recording industry
Dutch court orders Pirate Bay to remove links
Oct 22, 2009 |
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A Dutch court Thursday ordered Sweden's The Pirate Bay filesharing website to remove links to works of members of a Netherlands-based music and film copyright protection group.
The Pirate Bay back online after fine threat
Aug 25, 2009 |
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The Pirate Bay, one of the world's most popular filesharing websites, was back online on Tuesday after being shut down when a Swedish court threatened its bandwith supplier with a hefty fine.
Fine threat puts The Pirate Bay off the Intenet
Aug 25, 2009 |
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The Pirate Bay, one of the world's most popular filesharing websites, is off the Internet after a Swedish court threatened its bandwith supplier with a hefty fine, news reports said Tuesday.
Pirate Bay to challenge Dutch ban
Aug 10, 2009 |
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The owners of Swedish filesharing website The Pirate Bay will seek a retrial after a Dutch court temporarily banned its activities in the Netherlands, their lawyer said on Monday.
Jury awards $675K in Boston music downloading case
Aug 01, 2009 |
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(AP) -- A federal jury on Friday ordered a Boston University graduate student who admitted illegally downloading and sharing music online to pay $675,000 to four record labels.
Minimal damages sought in Mass. song-download case
Jul 31, 2009 |
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(AP) -- A lawyer for a Boston University student who admitted illegally downloading and sharing music urged a federal jury Friday to "send a message" to the music industry by awarding only minimal damages.
Trial set to begin in Mass. music downloading case
Jul 27, 2009 |
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(AP) -- Lawyers are to begin formally presenting their case in a music downloading lawsuit filed by the recording industry against a Boston University student.
Industry wants to ban Minn. woman from downloading
Jul 06, 2009 |
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(AP) -- Just weeks after a federal jury ruled that a Minnesota woman must pay $1.92 million for illegally sharing copyright-protected music, the recording industry wants to make sure she doesn't do it again.
Minn woman who lost music-share suit gets replay
Jun 13, 2009 |
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(AP) -- The Minnesota woman who became the nation's only music file-sharing defendant so far to go to trial is getting a replay two years after losing the case.
NAB: House majority opposes new performers royalty
Jun 03, 2009 |
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(AP) -- The National Association of Broadcasters said Wednesday that a majority of U.S. House members are now opposed to imposing new fees on radio stations to pay performance artists.
Music downloading hearing can't be streamed online
Apr 16, 2009 |
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(AP) -- Oral arguments in a music downloading lawsuit filed by the recording industry against a Boston University student can't be streamed online, a federal appeals court ruled Thursday.
