Researching the music industry

 

The music industry is basically made up of companies and people who make money from recording and selling music around the world. A record label is described as  "a brand or trademark associated with the marketing of music recordings and music video". Most artists are now reliant on their recording label to broaden their consumer base and marketing and promoting their product on portable devices, radio and television. By doing this they are making it aviaible on other media platforms. Record labels create revenue as they enter contracts with the recording artist, they fund, market, produce and distrube the music and in return receieves royalties when the music is sold. 'Major Labels' are recording labels that are well known and have contracts with some of the most famous artists, these are some examples: