Most all of the record labels you know are owned by three major parent corporations: SONY, Universal Music Group (UMG), and Warner Music Group (WMG). Even Sub Pop, the once-famous Seattle independent label, is now owned by WMG. The only pseudo-famous label not on here is K Records, which became famous around the same time as Sub Pop for releasing off-beat alternative music in the ’90s. But for most everyone else, it’s just a question of which corporation you have pulling the strings. Tell me again how there’s no monopoly in the music industry.
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SONY:
- SONY/ATV
- RCA
- Epic
- Columbia
Universal Music Group:
- EMI
- Virgin
- Island
- Motown
- Def Jam
- Republic
- MCA
- Capitol
- Geffen
- Interscope
Warner Music Group:
- Reprise
- Atlantic
- Elektra
- Roadrunner
- Atco
- Sub Pop
- Fueled by Ramen
- Parlophone
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There are certainly a few big companies at the top owning a vast majority of the market share of the recording industry. And these big fish are just eating each other up in desperate attempts to stay relevant and ahead of the competition. But we see technological advancement is transforming the entertainment landscape at too rapid of rates for these massive entities to keep pace with swifter, leaner competitors. Innovation, efficiency, and effectiveness are the name of the game; these big labels of old won’t be able to stranglehold the industry(and artists) as they have in the past century for much longer.
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