- published: 30 Dec 2015
- views: 752256
The music industry or music business sells compositions, recordings and performances of music. Among the many individuals and organizations that operate within the industry are: the musicians who compose and perform the music; the companies and professionals who create and sell recorded music (e.g., music publishers, producers, studios, engineers, record labels, retail and online music stores, performance rights organizations); those that present live music performances (booking agents, promoters, music venues, road crew); professionals who assist musicians with their music careers (talent managers, business managers, entertainment lawyers); those who broadcast music (satellite and broadcast radio); journalists; educators; musical instrument manufacturers; as well as many others.
In the late 19th century and early 20th century, the music industry was dominated by the publishers of sheet music. By the middle of the century records had supplanted sheet music as the largest player in the music business: in the commercial world people began speaking of "the recording industry" as a loose synonym of "the music industry". Since 2000, sales of recorded music have dropped off substantially, while live music has increased in importance. Four "major corporate labels" dominate recorded music — Universal Music Group, Sony Music Entertainment,Warner Music Group and EMI Group — each of which consists of many smaller companies and labels serving different regions and markets. The live music industry is dominated by Live Nation, the largest promoter and music venue owner. Live Nation is a former subsidiary of Clear Channel Communications, which is the largest owner of radio stations in the United States. Other important music industry companies include Creative Artists Agency (a management and booking company) and Apple Inc. (which runs the world's largest music store, the iTunes Store).
They told me when they met me I was so far out
But when I tried to see them they just threw me out
And it took me awhile to figure out what's going on
Now I got an album done, it's in the can
Got a manager, an agent, and a P.R. man
And a publishing deal the envy of everyone
Whoa, whoa, oh drive my limo, fly my airplane
Here's my demo, please let me explain
What I do for a living, huh-huh
If you call it a living, uh-uh
Music Industry
That is what we are
No one plays for free
Everyone's a star
Sign the dotted line
Let's have lunch sometime
And we can lie to each other, huh-huh
While we call each other brother, uh-uh
Friend of mine got lucky, wrote a big hit song
But he can't find his money with a fine-toothed comb
Now he's starvin' to death, slowly losin' weight,
that's a real drag
But that won't happen to me 'cause I've got some clout
Got a CPA, a lawyer, and a mortgaged house
With a message machine, says This could be the year for
the big bucks
Whoa, whoa, whoa, the check is coming, they say it's in
the mail
Be there Wednesday, Thursday without fail
We can cash it together, uh-huh
Send the landlord a letter, uh-huh
Music Industry
That is what we are
No one plays for free
Everyone's a star
Sign the dotted line
Let's have lunch sometime
And we can lie to each other, huh-huh
While we call each other brother, uh-uh
Pap pap pap, pap pap pap, pap pap pap
(We don't need it, we don't need it)
Pap pap pap, pap pap pap, pap pap pap
Music Industry
That is what we are
No one plays for free
Everyone's a star
Sign the dotted line
Let's have lunch sometime
And we can lie to each other, huh-huh