The music industry is a business between the music consumers in the public and artists producing music. Music is sold to the public to make money for the company and individuals that create the music. This money is put towards promoting music in order to make more money. The more music is brought to the public eye, the more likely people are to purchase it in one way or another. The three major music corporate labels are Sony music, Universal Music, and Warner Music. Labels excluding these three are called independent music companies as they no not compare with the popularity of music that they produce.
The largest music retailer is iTunes from apple. This is a digital company, evolving with modern technology where people more commonly own things digitally rather than physical copies.
Since the digital age of file sharing and music being easier to pirate now than ever before, action has been taken to make it illegal to share, own or distribute music files that have been pirated or have not been paid for, profiting the music industry and crediting the artist.
No comments:
Post a Comment