Friday 21 March 2014

Music Industry

Piracy - Costs industry a lot of money as there not selling any music and making money

Swearing in songs - Controversial, complaints

Film uses song on film - Label gains money

Owning individual sections reduces costs

Owning production, distribution & exchange - horizontally and vertically integrated as you own all the individual sectors. Own multiple sectors of each, eg. Website, magazines, radio, tv channel

Major record company - vertically and horizontally intergrated.

Independent record company - more freedom, able to create own music.

Synergy - use of music on a film or tv show. Eg. Xfactor playing song owned and produced by Sony

Independant labels can promote and create their own music and videos at low costs due to YouTube and soundcloud via the internet. This enables them to become worldwide at lower cost. Enabling them to be horizontally and vertically intergrated

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