Wednesday, 10 August 2011
RM - "The Big Three"
In the music industry there was the term "The Big Four". This was used for the four giant record labels in the music industry. These four companies were Sony Music Entertainment, EMI Group, Warner Music Group and Universal Music Group. However in early November, 2011, Universal Music Group bought EMI's record music division for £1.2 billion ($1.9 billion). As well as this Sony bought EMI's publishing division for £1.3 billion. Therefore this means "The Big Four" are now called "The Big Three".
EMI's record division includes artists including The Beatles, Coldplay and Tinie Tempah. Therefore showing it is understandable why both Warner Music and Universal wanted to own the division, with Universal outbidding Warner Music by $500 million.
The company has some influential artists, that have changed the genre they are/were situated in, as well as some of the biggest chart toppers in the last few decades on their label, this includes: ABBA, Guns N’ Roses, The Jackson Five, Elton John, KISS, Nirvana, The Police, Queen, Frank Sinatra, The Who and many many more. As well as Universal Music Group inpartnership with Abu Dhabi Media Company created a company called Vevo. Veco accounts can be found on Youtube for world famous artists.
Syco is jointly owned by Simon Cowell and Sony Music Entertainment, focusing on music, television and film content. Cowell uses these aspects of media to look for artists. The programs that are used for this are The X-Factor, The X-Factor USA, Britain's Got Talent and American's Got Talent. The artists that win these shows win a contract. These contracts are also tied into another record company, which is owned by Sony Music Entertainment. The record companies mentioned in the above paragraph are usually part of the contract deals.
Warner Music Group is the last remaining member of "The Big Three" and was the third in "The Big Four". The comapany founded in 1958, as Warner Bros. Records. To date the company has several distribution labels: Atlantic Records Group, Rhino Entertainment and Warner Bros. Records Group.
As well as these distributors Warner Music Group has several subsidiaries. On these subsidiaries come a range of acts specialising in different genre. Artists on Warner Music Group includes: Paramore (who are owned by Fueled by Ramen which is on distributed by Atlantic Records Group) and Muse (who are owned by Warner Bros. Records).
Guardian - Universal Music's £1.2bn acquisition marks end of the road for EMI, Universal and Sony reach deal to buy EMI for £2.5bn, Universal Music to buy EMI's recorded music division for £1.2bn
Wikipedia - The Big Four, Universal Music Group, Sony Music Entertainment, Warner Music Group,