2. There are four main institutions dominating today’s music industry. These institutions are known as ‘The Big Four’ and include:
+ Universal Music Group (UMG) –the largest of the four
+ Sony Music Entertainment –the second largest
+ Warner Music Group –the third largest
+ EMI Music Publishing –the fourth largest and the smallest of the four
…All of which are owned by Live Nation, the largest music venue owner and promoter which, therefore, controls the live music
industry. In addition to promoting music, these institutions also promote different forms of media, including, film, magazine
and TV. The Big Four also have authority over a network of smaller companies that go on to provide these forms of entertainment
to target audiences.
BASICALLY:
SMALLER COMPANIES
3. UNIVERSAL MUSIC GROUP:
Founded in 1934 as DECCA Records USA, Universal Music Group(UMG) is the world’s largest music content
company. In 1990, the company later developed into MCA Music Entertainment Group, and after another 6
years, further development lead to what we know as UMG today. With leading market positions in recorded
music, as well as music publishing and merchandising, UMG both discovers and develops recording artists
and songwriters then going onto market and promote their music through a variety of different formats
and platforms, e.g. Youtube and other merchandising methods such as clothing lines and live shows. UMG
also owns and governs the copyrights to musical compositions in order for them to be used in public
performances, recordings, and also for use in films and advertisements. UMG has worked alongside many
successful artists such as Rihanna, Snow Patrol and The Who and is situated, mainly, in New York City,
USA where the institution also manages various labels including DECCA Records, Island Records and Def
Jam Recordings (also known as The Island Def Jam Music Group).
4. SONY MUSIC ENTERTAINMENT:
A global recording company that boasts a broad array of both local and international successes such
as Jimi Hendrix, The Fray and One Direction. Sony Music Entertainment is solely owned by Sony
Corporation of America after the Bertelsmann half of the joint business enterprise, in 2004, was
bought by the Corporation in 2008; after which, it was renamed to what it is know as today. The
company’s headquarters are located in New York City, USA and is home to a number of labels including
Epic Records, Roc Nation and Columbia Records.
5. WARNER MUSIC GROUP:
Founded in 1958, Warner Music Group was more commonly known as Warner Bros Records, later sold to Seven
Arts Productions in 1967. With the company’s growing success, in 1972, the institution renamed itself WEA
Corp, which stood for its three main labels -Warner Bros, Elektra and Atlantic. After further success
building up a strong status within the industry during the 1970’s, Warner gained its first overseas
bureaus in both Canada and Australia in same year. In 2004, as a result of becoming an independent holder,
the company was, once again, renamed to what it is known as today. Like the previous two institutions,
WMG’s main headquarters is based in New York City, USA, and like UMG, Warner Music Group offer artist
management and uses similar merchandising methods. Also like the previous institutions, WMG is home to
many record labels including Asylum, Rhino and Sire and has also assisted many artists that have gone on
to become very successful such as Green Day, Plan B and Estelle.
6. EMI MUSIC PUBLISHING:
Founded in 1931 as the Electric and Music Industries, EMI is the smallest of The Big Four and unlike
the three previously mentioned institutions, EMI is a British company predominantly based in London.
The original companies behind EMI were founded by the inventor of the gramophone, Emile Berliner, and
its record labels include Angel Records, Blue Note Records and Virgin Records. Over the years, EMI has
also worked alongside many successful artists including The Kooks, LCD Soundsystem and Massive Attack
and to this day EMI continues to develop in the eyes of the music industry.
7. EXTRA INFORMATION:
In order to fully promote a song through its music video, these institutions cover a
variety of viewing methods and platforms including music channels (4Music, VIVA) and
coverage of entertainment news. However, with the constant developments in regard to
the Internet, it is becoming increasingly common for consumers to view music videos
online through sites like YouTube as well as the artist’s official site. Looking at
my research on music institutions, I found that many of them use the online music and
entertainment service VEVO. This is because it enables the product, in this case
music videos, to reach the vast and thriving user community on YouTube through a VEVO
branded channel. In addition to these channels, VEVO offers many more through its
site.