FOUR MAJORS NOW CONTROL 80% OF MUSIC MARKET
Just in case you had any illusions about where the power in the music industry is, check out this from the Associated Press:
“The Sony-BMG merger leaves four music “majors” with about 80 percent of the $32 billion global music market…
–Universal Music Group: Artists include Sting, Sheryl Crow, Marvin Gaye, Vince Gill and Diana Krall on labels including A&M Records, Motown, MCA, GRP and Impulse labels.
–Sony-BMG: Artists include Aerosmith, George Michael, Barbra Streisand, Avril Lavigne and Elvis Presley on labels including Columbia, Epic, Arista and RCA.
–Warner Music Group: Artists include Madonna, Craig David, Alanis Morrisette, Bjork, The Corrs, Cher, David Gray and Linkin Park on labels including Atlantic, Elektra, Maverick, Rhino, and Warner Bros. Records.
–EMI Group: Artists include David Bowie, Janet Jackson, Lenny Kravitz, Robbie Williams and Radiohead on labels like Capitol Records, Chrysalis and Virgin.”