I have put together a small Powerpoint just to get further understanding of the Music Industry, and the large business that control most of the rights. The current music market is dominated by three of the biggest record labels. These big companies are known as major labers, in contrast to the smaller independents labels which, between them, have a one-fifth to one-quarter share of the U.S music market, but the percentage is smaller in Europe. What I have found most interesting and fascinating about the research that I have carried out, is the impacts of Web 2.0 on the major record labels, as music could not only be accessed but also listened as well downloaded for FREE online. This leads to loss of profit margins and to an extend loss of customers, even though they listen to their tracks. A perfect example is Sony Music Entertainment, ranking as the second-largest of the major record labels, had lost over 25 per cent of potential demand over the cource of 10 years, vastly due to the development of Web 2.0.
Below is the link that I have used in order to create this powerpoint.
http://newmusictoday.blogspot.co.uk/2011/11/only-three-major-record-labels-left.html
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