Music Market Audit: United Kingdom Music companies percentages Competition in the United Kingdom has greatly increased. Consequently, the competition commission agreed on a deal to merge two music companies. The merger was between Columbia and RCA. This was the second attempt by the commission to merge music companies aiming to reduce competition in the United Kingdom…
Primarily, their goal is reducing the oversell of live music tickets to one function and distribute almost or equal number of tickets to events organized by the three label groups. Market share of Music Genres There are some new British artists in the market that have dominated the United Kingdom Charts over the recent years. In addition to successful albums from Kaiser Chiefs and KY Tunstall, established British artists like Coldplay, Gorillaz and Oasis have greatly helped contemporary rock increase its share in the album market. Rock genre is fast becoming the nation’s favorite especially with growing popularity of home-grown British bands. British rock artists claimed 49.4% of yester year’s album sales. Hip Hop’s market share reached double figures since the introduction of modern high profile sellers like Eminem, Ja rule and Nelly. With the release of successful albums like The Marshall Mathers LP, Dr. Dre 2001, and Country Grammar by Eminem, Dr Dre and Nelly respectively, Hip Hop has hugely connected with music consumers owning about 13% of the market (Guins, 209). Teen pop genre arose from a combination of R&B and pop idol music. This was viewed as phenomenal due to the steep rise of Teen pop fan-base. ...
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