the big 3
TRANSCRIPT
Big 4 become the Big 3
• As of November 2011 the big 4 became the big 3.• EMI had huge debts and were unable to restructure these. On 12
November 2011, it was announced that EMI would sell its recorded music operations to Universal Music Group and its music publishing to Sony. This is called consolidation of media ownership.
• http://www.theguardian.com/media/2012/sep/21/universal-emi-takeover-approved
Sony Music Entertainment
The Sony group based in Japan works in a range of markets including; Financial Services Electronics and Communications Film Production and Distribution Games hardware and software
development Interactive Services TV Production and Distribution
Formerly owned by Time Warner, the worlds largest media conglomerate. It was traded on the New York stock exchange until May 2011, when it announced its privatisation. The creation of Warner music is what we call a spin off. It was spun off from Time Warner.