BUS P3 MUSIC (Global music recording and distribution businesses) Flashcards
(5 cards)
Which company is the largest global music recording and distribution business?
Universal Music Group (UMG), holding around 31% of the global market share in recorded music revenue (2023).
How widespread is Spotify’s global reach in music distribution?
Spotify operates in over 180 countries, with more than 550 million active users worldwide (2024).
What role do Live Nation and AEG Presents play in global music distribution?
They promote and distribute live music experiences worldwide, supporting recorded music through live events and tours.
How do mergers and acquisitions affect global music businesses?
Major companies like UMG grow by acquiring smaller labels, expanding their artist rosters and global distribution networks.
What is the impact of digital platforms on global music distribution?
Digital platforms (Spotify, Apple Music, Amazon Music) have revolutionized global distribution by enabling instant worldwide access to music.
