The world music economy like others sectors of economy is concerned with the generation of wealth for public good . But what we find today is that the world music economy is increasingly controlled by major private transnational corporations. The production, distribution, advertising marketing and copyright of music are concentrated in the hands powerful few corporations linked to one another and control the world of music. The "big four"( Universal Music Group, Sony BMG , Warner Music Group & EMI) music groups control about 70% of the world music market, and about 80% of the United States music market. The Big Four: EMI, Sony, Universal & Warner Music Each Record company has its own stars and an army of skilled technicians under long term contracts. They even cultivate a recognizable style in the music they produce. Artists have to often adjust to these styles most of them leaning on commercial interests and conform to the com...
