In 1990 Japanese Matsushita Electric purchased MCA, but five years later 80% of MCA was purchased by Seagram and the next year it was renamed Universal Studios, Inc. It wasn’t until 1962 that American Decca merged with MCA. The company’s history goes back to the formation of the American office of Decca Records in 1934 and then that company branched out on its own in 1939. With their massive collection of artists, it’s sure that their goal is within their reach. Universal Music Group is the world’s leading music company and their website states that they exist to shape culture through the power of artistry. Their holdings in the United States are some of the best-known record labels from the past and include: Their catalog includes companies all across the globe, from Argentina to the United States and 40 countries in-between. They have a gigantic group of labels and brands that work under this umbrella company. While they are an American company, their majority owner is a French media conglomerate called Vivendi, and a Chinese tech company, Tencent, owns a minority share. Universal Music Group, sometimes called UMG Recordings, Inc. After the Big Three, there are several other record labels with medium and small market sizes. They control a sizeable portion of the U.S. The top three largest record labels in the U.S. They are also responsible for enforcing the copyright. Once a musician signs to a label, the label then is responsible for producing the “records,” manufacturing, distribution, marketing, and promotion. They are responsible for finding talent, although sometimes the talent finds them. The record label is a key player in the music industry. record label market is projected to grow at a CAGR of 4.27% through 2026. Over 109 million albums are sold in the U.S. record label industry has a market size of $10.3 billion. is Universal Music Group, with a revenue of $10.0 billion and an market share of 37.5%.Īs of 2021, the U.S.
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