Joseph Sulaiman A2 Media
Existing Music Labels
Two types of music labels:
Independant Record Labels
Independent record labels also known as 'Indie record labels' is a record label that functions without funding from major labels. There are many artists that are part of this for example Olivia formally part of the group G-unit who is now part of the Independent record labels.
Examples of Independant Record Labels
'Big Four' labels are record labels that are controlled by a coporate umbrella organixation called a 'music group'. A music group is usually owned by a holding company which often has non music division. A music group controls and consists of music publishing companies, record (sound recording) manufactureres record distributors and record labels.
Research has shown that as of 2007, the 'Big Four' labels controlled 70% of world music market.
'Big Four' Labels
VS.
Record labels are the main investor/developers of artists globally. Record labels not only pay for recording and mixing the albums but also pay for the music videos produced for the song.
Research indicates 23% of record labels revenue is invested into their artists. They also make profit and sales from underwriting artists toruing costs.
Media Ownership
Major Record LAbels
There are four major record labels which control the majority of the market (entertainment sector):
Universal Music Group
Emi Group
(recently removes due to financial crisis and under performance)
Warner Music group
Sony Music Entertainment
Sony Music Entertainment (the oligoploy) are in many industries ranging from music to even home appliances. Also, they develop products in gaming and even technology. There are around 14 different records the Sony (the umbrella group) which is why SME has become one of the most known major record label compared to the rest.
SME consists of record labels such as:
RocNation
Epic Records
Verity Recors
Sony Music Entertainment establishes their identity by working together with smaller record labels to create different activities which is thus benificial to the companies and the record labels.
History:
- Established in 1929
- Taken over by CBS in 2004 (columbia Broadcasting System) part of the 'Big Three' labels.
- Profit as of 2012 is $6 Billion
Sony Music Entertainment
Doug Morries Chairman and
Kevin Kelleher (Executive Vice President)
Clive Davis Chief Creative Offier
Ownership
The provider for all the requirements needed to promote and market the artist are the physical & digital retailers. They distribute and manufacture record labels
Record labels use 'intertexual' methods to positively exploit their artist. Examples of this is featuring the artist's songs in movies or adverts.
Artists
Manufacture/Developers
Play station 1, 2,3 and 4
Made products for VAIO WEGA FD Trinton
Telision production company
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