To simplify things, there are basically four major companies, known as the “Big Four, that have most of the control within the music industry. These companies are: Universal Music Group, Sony BMG, Warner Music Group, and EMI. “In essence a Big Four Labe is a corporation that manages several smaller businesses, called subsidiaries. For example, the subsidiary for Sony is known as Columbia Records. The subsidiaries have their own staff, are allowed to sign their own artists, and can make most of their own financial decisions”(McDonald). While these subsidiaries have a majority of the control over their business, they still must report and answer to the main company, which controls the overall budget and makes decisions on staff reduction. In addition to creating labels that are divisions of the main company, sometimes the Big Four will offer distribution to Independent Indie Labels. The label offers the Indies releases to stores along with their own releases. With this kind of deal, the major label has no control over what albums the indie releases or how the indie manages the workings with their
To simplify things, there are basically four major companies, known as the “Big Four, that have most of the control within the music industry. These companies are: Universal Music Group, Sony BMG, Warner Music Group, and EMI. “In essence a Big Four Labe is a corporation that manages several smaller businesses, called subsidiaries. For example, the subsidiary for Sony is known as Columbia Records. The subsidiaries have their own staff, are allowed to sign their own artists, and can make most of their own financial decisions”(McDonald). While these subsidiaries have a majority of the control over their business, they still must report and answer to the main company, which controls the overall budget and makes decisions on staff reduction. In addition to creating labels that are divisions of the main company, sometimes the Big Four will offer distribution to Independent Indie Labels. The label offers the Indies releases to stores along with their own releases. With this kind of deal, the major label has no control over what albums the indie releases or how the indie manages the workings with their