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Thread: US music industry in trouble or not?

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    US music industry in trouble or not?

    The US music industry is the largest in the world in terms of revenues. The three largest worldwide record companies include Universal Music Group, Sony Music Entertainment and Warner Music Group, which are all based in the US. The industry has lately shifted towards cost-effective digital technologies for the recording and distribution of high-quality content.

    The industry faces strong competition from both European and Asian markets, which are gaining ground in the global music arena. Furthermore, the availability of online content has led to increasing piracy of content, which negatively impacts the revenues of record labels.

    Reference:
    http://goo.gl/Kxpc7n

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    Last edited by Krummhorn; Oct-31-2013 at 17:07. Reason: changed text colour to make it more readable

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