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The Truth About The Music Industry

3370 words - 13 pages

Music is universally known as an expression of emotion, rebellion against the man, a way of life, a random collection of sounds, an annoying thing kids listen to, or even a vacation from everything, but in reality music is free of all definition. The industry involved in buying, selling and recording of music has grown so old, treacherous, and ignorant that it can not figure out the steps it needs to evolve with the rapidly expanding music industry. Musicians and fans alike are screaming about the dire need of some modern day innovation in the market. Sadly the monstrous corporations that dominate the market have put a lid on the competitive edge, stopped the innovative changes any smaller companies can make.
There are only three major record labels who dominate the market today and only one other company is trying to make its way into the ring. Yet there are numerous small companies that distribute and sell CDs of bands whose names will never make it to the dinner table, let alone the bar stool, and they themselves will never be recognized beyond those who are part of the company. Furthermore the bands are even bought from the smaller companies before the band gets too big and the small label gets to be known. Its a sad, sad story of big fish eat small fish and nothing has been changed since the beginning of recorded music! Many major points of issues that will be covered are the monopoly major record labels have on the music industry and how hard it is for up and coming labels/artists to make a living because of them. As a member of a band that has tried to make a start I have some experience as to how much work it takes, the kind of people it requires, and some of the long nights a show might entail. Furthermore I am a highschool student and a general music lover who feels the cost of producing a CD is too high for a band who is trying to get a good start. As a band we have done some research of studio time and what it costs to have a record published and sold in stores. I understand that music is hard to make a living off of because its hard enough to just pay for the things your band needs and that record labels lose a lot of money in trying to finance an album that has such a high chance of failure. But major Record labels are creating a monopoly of the music industry which limits the innovation and advancement other minor labels or musicians could provide by taking away competition.
The market is dominated by the “Big Three” (Sony, Warner Music Group, and Universal Music Group) who continuously buy out competition and all have many smaller companies who have front names to cover up the fact that they are owned by the larger corporation. Ten years ago there were five major companies that controlled the market place, in the beginning of 2005 Sony and BMG, Bertelsmann Music Group, decided to form a 50/50 partnership that would spread worldwide. Together they controlled a vast majority of American music and the only place in the world...

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