MUSI 1000 Lecture Notes - Lecture 5: Sound Recording And Reproduction, Whole Lotta Love, Performing Rights
Document Summary
Consists of sound recording companies who develop and market artists and their music. Other industries include: publishing, music retail, music press, music hardware, sound recording and reproduction technolopgy, tours and concerts, merchandising, royalties and rights. The economic structure of the pop music industry. Power centred in the hands of larger, international companies, such as: universal music group, sony/bmg, aol time-warner. Concentration: the ownership of pop music production is concentrated in the hands of a small number of companies. Vertical integration: where concentration of the music and media industries lead to control of the total production flow, from raw materials to wholesale. Company owns manufacture, recording studio, review magazines, distribution etc of similar music. Some critics have observed that periods of concentration have produced a lot. This has lead to bursts of creativity by the public: innovation is therefore linked to independent record labels, a cycle of innovations and consolidation.
