Internet Helping To Shift Music Power Away From The Big Four

Posted by Devin Categories: Internet, Music

At this moment, 70% of the world music market is controlled by the Big Four.  For those who aren’t very record label concious, we’re talking about EMI, Warner, Sony/BMG and Universal.  What that means to you, or any other person who listens to the radio at some point in their day, is that those 4 companies have a huge influence over what you hear.  While that may be a depressing thought, hear this: many in the recording industry, including the aforementioned labels, believe that the power balance is quickly changing.  The rejuvination of independent labels, along with the all the internet has to offer(podcasts, downloads, file sharing, and piracy, to name a few) are helping to create a shift in power. 

In theory, the whole development of the market digitally should be to the benefit of independents.  Online, people are more likely to download catalogue, they’re more likely to download lesser-known bands - and that’s good for independents.

Read More | BBC News