MUI 221 Lecture Notes - Lecture 1: Ecolo, South By Southwest, Warner Music Group
Document Summary
Mui 221: survey of music industry - lecture 1: ecology of the entertainment business. Nature of the business: music is part of every culture and celebration, it has two parts: songwriting/emotional side + business side, global recorded music revenues 2013: sony - 30%, umg - 20 %, wmg - 18%, other- 23% Account for a large amount of music, but each company accounts for a small slither. Entertainment conglomerates: sony - deals with film components and music components, provides overall entertainment, universal music group - owns nbc, comcast, disney - owns parks, produces films (star wars), owns abc. Regional music industry: really big, south by south west (sxsw) festival - biggest get together in the country, it is a week of film and music, indie sector. America is not so trusting of government structures: america has a can-do" attitude, a lot of artists go bankrupt, they don"t know enough about finance.
