Independent Music Industry

Paper Summary:

This paper analyzes and examines the multitude of issues related to the independent music industry. Part II gives a brief overview of the music industry. In Part III, factors leading to the development of an independent music industry are discussed. Part IV outlines the incorporation of alternative music industry into the mainstream with the emergence of grunge music is reviewed.

From the Paper:

"According to Rare Vinyl Network, independent music is defined as "literally, music released by record labels independent of control by multinational conglomerates; more specifically, bands that descended from the late seventies and eighties college rock." Currently, there are approximately six major record companies (BMG, CEMA, MCA, Polygram, Sony, and WEA) that are in control of the record market. The economic power of these conglomerates restricts how contemporary music is available and is portrayed to consumers. The mainstream music industry is regulated, whereby popular music has become a business rather than an art."

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