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| Author: | Fisher, L. |
| Title: | In a spin |
| Journal: | Accountancy
2000 : FEB, VOL. 125:1278, p. 34-39 |
| Index terms: | Music industry Leisure industry Recordings industry Companies |
| Language: | eng |
| Abstract: | The worldwide music industry is worth around 25 billion pounds a year. About 80% of that is controlled by just five companies - Bertelsmann, EMI, Sony, Universal and Warner. These are the people who have, in the past, managed to persuade the entire developed world to throw out a lifetime's collection of vynil LPs and to replace them with overpriced CDs. Little, you might think would seriously worry these companies. But nothing scares a music executive these days quite like a teenager with a computer. |
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