Industrial context

 Industrial Context :

• Who are the big three?
• The big there are WMG, Sony music entertainment, and Universal Music Group. They roughly own around 70% of all globally recorded music. 
• 2024 Grammys: Of the 32 nominees that make up the major categories of the 2024 Grammy's all but one are signed to the big three.      

WMG owns a range of labels such as : Atlantic Records, Elektra Records, Reprise Records, Warner Records, and Parlophone Records. 

Has more than 100,000 artists and more than 1 million compositions. 

Total value of $17.84 billion.

Ownership:

Access Industries owns 72% of the equity and controls 98% of the voting power.

Access Industries is a privately-held, global investment company owned by Len Blavatnik. It is valid at $35 Billion. 

Ideology:

Multinational entertainment and record label conglomerate.