The music industry consists of the companies and individuals that earn money by creating new songs and pieces. This can expand into selling tickets for live shows and concerts, audio and visual pieces that help promote and sell the music (e.g. music videos), and much more.
The music industry has evolved drastically over the years, as individual artists and groups tried to find the best ways to make money from each release they made.
The 3 biggest players in the industry are:
- Warner Music Group
- Sony Corporation
- Universal Music Group
Sony Music Group
What do they do?
Publish music, recruit new artists and enforce copyright. Marketing is one of a record label's most important functions, as public awareness of the brand is the way they can make money.
Who owns it?
It is owned by Sony Corporation of America (SCA), a subsidiary of the Japanese conglomerate Sony Corporation. It is also incorporated as a general partnership of Sony Music Holdings Inc. through Sony Entertainment.
Chairman and CEO of Sony Music UK is Jason Iley
What do they own?
Only the extremely successful artists are signed directly to Sony Music, the rest are signed to sub-labels that have been bought by Sony
What do they believe in?
The parent company, Sony, has core values that are shared with its subsidiaries:
Overall, this helped to influence my initial ideas as I planned out how to construct a star identity to ensure my popularity to sell more music.
Publish music, recruit new artists and enforce copyright. Marketing is one of a record label's most important functions, as public awareness of the brand is the way they can make money.
Who owns it?
It is owned by Sony Corporation of America (SCA), a subsidiary of the Japanese conglomerate Sony Corporation. It is also incorporated as a general partnership of Sony Music Holdings Inc. through Sony Entertainment.
Chairman and CEO of Sony Music UK is Jason Iley
What do they own?
Only the extremely successful artists are signed directly to Sony Music, the rest are signed to sub-labels that have been bought by Sony
What do they believe in?
The parent company, Sony, has core values that are shared with its subsidiaries:
- Dreams & Curiosity. Pioneer the future with dreams and curiosity.
- Diversity. Pursue the creation of the very best by harnessing diversity and varying viewpoints.
- Integrity & Sincerity. Earn the trust for the Sony brand through ethical and responsible conduct.
- Sustainability
Overall, this helped to influence my initial ideas as I planned out how to construct a star identity to ensure my popularity to sell more music.
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