Research: Summary Of The Music Industry In 2012.

At the moment the music industry consists of record labels and musicians that make money by creating and selling music. Among the musicians and record labels that operate within the industry are the music producers, A&R's, promoters, managers ect.

Right now the music industry consists of three major record labels which are know as "The Big 3".

Universal Music Group owns a music publisher, Universal Music Publishing Group, which became the world's largest following the 2007 acquisition of BMG Music Publishing.

The UMG corporate headquarters are located in Santa Monica, California, United States.

The labels that are under UMG are as follows:

Interscope -Geffen -A&M, The Island Def Jam Music Group, Universal Republic Records, Capitol Music Group, Virgin Music Group and a few more.
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Sony Music Entertainment (also called SME or Sony Music) is the second-largest global recorded music company of the "big three" record companies and is controlled by Sony Corporation of America, the United States subsidiary of Japan's Sony Corporation. 

The labels that are under Sony Music are as follows:

Colombia Records, Epic Records, RCA Records ect.
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Warner Music Group (WMG) is a US-based business group and family of record labels. It is the third largest in the recording industry and one of the big three record companies. For three decades the conglomerate was known as WEA, which stood for Warner Bros.-Elektra-Atlantic Records; three major record companies that signed and developed musical acts.

The labels that are under WMG are as follows:

Atlantic Records Group, Warner Bros. Records Group, Rhino Entertainment ect.