Music Industry

The music industry or music business consists of the companies and individuals that make money by creating and selling 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 music careers (talent managers, business managers, entertainment lawyers); those who broadcast music (satellite, internet and broadcast radio); journalists; educators; musical instrument manufacturers; as well as many others.

The current music industry emerged around the middle of the 20th century, when records had supplanted sheet music as the largest player in the music business: in the commercial world, people began speaking of "the recording industry" as a loose synonym of "the music industry". Along with their numerous subsidiaries, a large majority of this market for recorded music is controlled by three major corporate labels: the French-owned Universal Music Group, the Japanese-owned Sony Music Entertainment, and the US-owned Warner Music Group. The largest portion of the live music market is controlled 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. Creative Artists Agency is a large a management and booking company.

The music industry has been undergoing drastic changes since the advent of widespread digital distribution of music. A conspicuous indicator of this is total music sales: since 2000, sales of recorded music have dropped off substantially while live music has increased in importance. The largest music retailer in the world is now digital: Apple Inc.'s iTunes Store. The 2 largest companies in the industry are Universal Music Group (recording) and Sony/ATV Music Publishing (publisher).

Read more about Music Industry:  Business Structure, Sales Statistics, Music Industry Organizations

Other articles related to "music industry, music, industry":

Texas Music Office - Development of The TMO
... the first of 16 annual editions of the Texas Music Industry Directory (TMID) ... The TMID referenced 96 different types of music business and was edited by Monahan with assistance of publication coordinators Deb Freeman (1991-1998), Jodi Jenkins (1999-2004), and Andrew Leeper (2005-2006) ... SXSW director Roland Swenson, and City of Austin music liaison Bob Meyer to bring the National Academy of Recording Arts and Sciences to Texas in 1994 the ...
Mareel - Music Industry
... Most of Lerwick's music venues and clubs closed during the 1990s and 2000s including the North Star, LK Sound Factory (Jubilee), Somewhaur Else, Ferry Inn (converted to Beltrami's but no ... also considered to be an important development for the local industry, for both commercial and educational uses ...
Lightbody - Musicianship - Views On Music Industry
... Lightbody has held the view that Snow Patrol may have had an easier time succeeding in the music industry than a band forming at the present time ... days were from touring, as there were no pirated copies of their music available then ... He believes if the current state of the industry continues, it would become impossible for bands starting out to become full-time ...
Music Industry Organizations
... Academy of Country Music (ACM) Alliance of Artists and Recording Companies (AARC) American Association of Independent Music (A2IM) American ...
List Of Music Recording Certifications
... The global music industry typically awards recordings with certification awards based on the total units sold, or shipped to the retailers ... defined by the various certifying bodies representing the music industry in various countries and territories worldwide ... Many music industries across the globe are represented by the International Federation of the Phonographic Industry (IFPI) ...

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