Wednesday 31 March 2010

Conglomerates In The UK Music Industry


The music business today is among the media industry that is constantly evolving.However the music industry has various content producers which has been acquired by the four major conglomerates,ultimately driven by profit.they are;
(1)Sony Music Entertainment (Japan based).Sony acquired the music industry content producers such as:Epic Records,Columbia Records,CBS Records, Bertelsmann Music Group, (BMG),J Records etc.
(2)Universal Music Group (France based)acquired Mecury Records,Geffens records,Def Jam Recordings,Universal music UK,Decca music group,Island records,Interscope Records etc.
(3)Warner Music Group (USA based)acquired Atlantic Records,Elektra Records,Asylum Records,Warner Bros Records,Reprise Records,Atco Records,Mushroom Records,Cordless Records,East West Records,Rhino Records,Roadrunner Records,Rykodisc records and Warner/Chappell Music.
(4)EMI Group (UK based)acquired Virgin Records,Liberty Records,Capitol Records,Christian Music Group,Angel Records,Innocent Record,Priority Records,Relentless Records,GMG (Get Money Gang)Entertainment.etc
Finally Conglomerates also have subdivision that helps in distributing, marketing and promoting a product in essence,encouraging the growth of business in the society.

*Resources:
www.wikipedia.com
www.google.com

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