Vertical Integration definition; 'Vertical integration is the process in which several steps in the production and/or distribution of a product or service are controlled by a single company or entity, in order to increase that company’s or entity’s power in the marketplace.'
The Music Industry definition; 'the organization of the various activities associated with performing, recording and distributing access to the world.'
The focal points within this industry are the three following:
The focal points within this industry are the three following:
- Production - recording music
- Distribution - promoting music; shops, radio, films, downloads etc.
- Consumption - buying music; concerts, downloads etc.
The "Big Four" companies that dominate the music industry includes; Sony Music Entertainment (SME), Universal Music, EMI Music and Warner Brothers.
Below, I have included a short powerpoint presentation to highlight these key companies within the music industry. Covering how each company applies production, distribution and consumption, making them so successful and widely recognized.
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