Warner Music Group vs Electric and Musical Industries

I/ State of the Market A/ The track record patiences decline: Since 2002, record sales are mischievously dropping. Overall CD sales have plummeted sixteen percent between 2002 and 2008, putting the emphasis on a near-constant wearing in the last decade. In 2000 appeared something that as now puzzle part of our everyday life : illegal downloading. In the submit of this new widespread piracy and because consumers now seem to be more attracted to low-profit-margin digital singles than to albums, the record parentage is regrettably experiencing one of the worst and the most lethal decline of its history. And steady if the major labels are currently fighting to reinvent their business models, we could logically wonder whether its too late or not. The record business is over, asserts Peter Paterno, the music attorney of Metallica. B/ around important figures: In 2000, U.S. consumers bought 785.1 gazillion albums whereas only 588 trillion albums (CDs and downloads) were purchased in 2007! Moreover, the ten top-selling albums in the U.S. sold approximately 60 million copies altogether in 2000 whereas this figure only reached 25 million in 2006. However, lets not forget the particular that Digital sales are undeniably growing further the new revenue sources arent making up for the shortfall.

The following figures shove light on this same phenomenon in France in the ago decade: Here we have a business thats dying. thither wont be any major labels pretty soon. II/ Presentation of the two companies: Warner Music Group and EMI (Electric and musical industries), morsel out to be two of the 4 largest music publishing companies in the World, also known as the «Big quaternary». A/ Warner Music Group (WMG) : Formerly known as Warner Communications Inc. (merger of Warner Bross records created in 1958, Elektra Records and Atlantic records) the firm changed its name to conk out the Warner Music Group. The company, whose headquarters are located in new-fangled York) now belongs to Edgar... If you want to get a full essay, value it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.