The music production and record industry is worth an annual $354 million dollars. With almost 400 businesses ranging from small to large labels, the sale of CD’s have dropped significantly in the United States. As disposable income increases, the sale of media is expected to rise. A compilation of famous record company logos and brands are listed below.
As the four biggest record labels have seen dropping revenues, the music industry is beginning to encompass more independent labels, live performances, and merchandising. A broader music industry is emerging causing gains in radio advertising, musical instruments, live performances, and digital album sales. Concert ticket sales along have tripled from $1.5 billion to $4.6 billion.
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