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music videos for their signed music artists. As an audience, we watch these
music videos nearly every day as we are intrigued to see what new music videos
are starting trends on YouTube. There are four main institutions dominating music
in the industry today. These institutions are known as The Big Four and they
are:
All four are owned by Live Music, the largest music venue owner and promoter
which controls the live music industry. As well as promoting music, these
institutions also promote different forms of media that include film, magazine
and television. The big four companies have authority over a network of smaller
companies that go on to provide these forms of entertainment to target
audience.
Universal was funded in 1934 as DECCA records USA; it is classed as the worlds
largest music content company. The company developed in 1990 into MCA Music
Entertainment Group and then after 6 years, they made further development
which lead to what we know as UMG today. As there is a leading market in record
music, as well as music publishing and the merchandising, UMG both discovers
and develops recording artists and songwriters then going onto market and
promote their music. They market and promote through various formats and
platforms, YouTube, clothing lines and live shows are prime examples that
companies will use. Not only
that, UMG governs the
copyrights to musical
composition in order for them
to be used in public
performances, recordings,
films and advertising. They
have worked with many
successful artists such as Rihanna, Snow patrol and The Who. These are normally
situated in New York City, USA where the institution also managers a wide range
of labels including DECCA Records, Island Records and Def Jam Recordings.
Sony is a global recording company that claims a broad collection of both local
and international successes for instance Jimi Hendrix, The Fray and One Direction
is examples of these successes. Sony Music Entertainment is owned by Sony
Corporation of America after the Bertelsmann half of the joint business
enterprise. In 2008, the corporation was bought and was renamed to what it is
known as today. Headquarters in located in New York City, USA and is home to
numerous amount of labels including Epics Record, Roc Nation and Columbia
Records.
EMI was founded in 1931 as the Electric and Music Industries, EMI is the smallest
of The Big Four and unlike the other three, EMI is a British company which is
mainly based in London. The inventor of the
gramophone, Emile Berliner, found the
original companies behind EMI, and record
labels including Angel Records, Blue Note
Records and Virgin Records. Throughout
many years, they have also worked with
successful artists such as The Kooks, LCD
Sound system and Massive Attack. To this day, EMI are continuing to develop in
the music industry.