EMI music is sold to Universal. We're down to three major labels.
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Re: EMI music is sold to Universal. We're down to three major labels.
#2The question is, is this recession-based consolidation, or is it part of an inevitable decline of the music industry as the idea of "major labels" goes away?
Re: EMI music is sold to Universal. We're down to three major labels.
#3The question is, is this recession-based consolidation, or is it part of an inevitable decline of the music industry as the idea of "major labels" goes away?
Neither; it's capitalism as usual.
Re: EMI music is sold to Universal. We're down to three major labels.
#42 billion doesn't sound like a lot of money to me.
Apple could use, say, a third of its cash and own the entire music industry outright? not that the labels would ever sell, but still. amazing how tiny that industry is given how much noise it makes.
Re: EMI music is sold to Universal. We're down to three major labels.
#5We will be at zero soon enough.
Re: EMI music is sold to Universal. We're down to three major labels.
#6The question is, is this recession-based consolidation, or is it part of an inevitable decline of the music industry as the idea of "major labels" goes away?
I'd be more worried in the idea that there is no competition in label's market at the largest scale. Supposedly label contracts aren't exactly very artist friendly already, and I can't imagine as an upcoming artist it's going to get any better.
On the otherhand, there are now a million indie labels, and lots of success stories from people using the internet.
Re: EMI music is sold to Universal. We're down to three major labels.
#72 billion doesn't sound like a lot of money to me. Apple could use, say, a third of its cash and own the entire music industry outright? not that the labels would ever sell, but still. amazing how tiny that industry is given how much noise it makes.
> 2 billion
A bit above $4bn total, according to the article: "recorded music unit" goes to Universal for $1.9bn (£1.2bn), "music publishing unit" goes to a consortium led by Sony for above $2bn.
EMI had been bought by its (now insolvent) owner in 2007 for $4.2bn, although it was apparently widely overpriced.
> Apple could use, say, a third of its cash and own the entire music industry outright?
Maybe less than that, a third of their cash reserves would be what these days, $26bn? The regulatory agencies would also have to agree, of course.
Re: EMI music is sold to Universal. We're down to three major labels.
#8In my world, concert festivals & blogs have replace the need for major labels marketing role, and itunes / amazon / cdbaby have replaced their manufacturing / distribution role.
That said, I've seen friends of friends at iTunes start micro-labels that seem to focus more on online & concert only efforts.
I'd be more concerned about consolidation if it was the 90's again.
Update: Yes, you guys are right. I'm spoiled - I live in Austin "live music capital of the world" and have mostly non-pop taste in music.
Re: EMI music is sold to Universal. We're down to three major labels.
#9Does this mean we finally get Pink Floyd and the Beatles on Spotify?
Re: EMI music is sold to Universal. We're down to three major labels.
#10In my world, concert festivals & blogs have replace the need for major labels marketing role, and itunes / amazon / cdbaby have replaced their manufacturing / distribution role. That said, I've seen friends of friends at iTunes start micro-labels that seem to focus more on online & concert only efforts. I'd be more concerned about consolidation if it was the 90's again. Update: Yes, you guys are right. I'm spoiled -…
In my world, concert festivals & blogs have replace the need for major labels marketing role
In your world perhaps, but a lot of concert festivals and blogs have heavy involvement from major labels in promoting content. It might look like these blogs discover bands out of nowhere, but I promise you they are forwarded a ton of content from labels.