Question 1: What be the intentness?s plethoric frugal features?This industry comprises establishments primarily engaged in memorialise mathematical product (e.g., tapes, CDs). These establishments contract with artists and arrange and finance the merchandise of original exceed enters. Establishments in this industry hold the right of first publication to the master arrangement and derive most of their receiptss from the sales, leasing, and licensing of master recordings. The unison industry is one and only(a) in which a five major(ip) companies have enjoyed exclusivity for wellhead-nigh time now. The current macro-environment is one that is filled with differing technologies that are wreaking mayhem with the business models of these five major record labels in the industry. In terms of market size; the US recording industry revenue fell by $11 million in 2006, down 25% from a 1999 peak of $14.6 one thousand thousand, agree to northern Group. The rise of digital music will even up around for this loss, r from each one(prenominal)ing $5.34 billion by 2012, up from $1.98 billion at the end of 2007. Additionally, California and New York account for 53% of revenues for this industry, where the volume of the entertainment business is located. In terms of revenue per employee: $212,769, well above the average earnings of employees in new(prenominal) sectors of the economy. (Serpick, 2007)(Yankee Group, 2008)There are currently five major labels competing in this market, on with an much(prenominal) number of independent labels.
The five majors are: BMG Entertainment, EMI, Sony consent Entertainment, Warner Music Group, and Universal Music Grou p. The record companies are fundamentally i! nterdependent, when one company makes a move; it generally ?forces? a response from its rivals. Rivalry increases as companies attempt to undercut each other?s prices or offer customers more broadsheet in their products, pushing industry profits down in the process. The x factor in the recording industry was that of simoleons income access in which... If you want to get a enough essay, order it on our website: OrderEssay.net
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