Infrastructure Of The Music Industry Essay

In this essay, I will layout and explain the infrastructure of the music industry, giving details about its major assets and real life examples of job roles within the sectors. I will also expand on the major record companies and their role in the industry, and I will focus on showing the well-oiled machine that the industry is.

The music industry is a fundamental part of our modern society, and it has served to be essential over its lifetime. It’s provided hundreds of thousands of jobs in recent years, as well as a very substantial income. In 2015 alone, it brought in £4.1 billion into our economy, whilst also creating 119,020 jobs and generating £2.2 billion Total Export revenue.

But enough of the facts and figures, we all know it’s important and brings in a lot of opportunities and supplement for our economy. But just how does the industry work?

Well, let’s get into it.

Record companies provide an essential role to the music industry, as they provide the most income to the system, (which is provided by a percentage of all artist’s revenue) which is then used to fund other up-and-coming artists around the world, creating an ever-lasting system of funding for artists globally.

The final sector of the music industry is Artist Management (AM). This sector mainly focuses on managing the artist(s), making their life easier and helping them to make the most of the opportunities that they are given.

In 2015, the Measuring Music report revealed that the AM sector created 2,320 jobs, of which these could be anything from managerial roles to the artist’s personal team (anything from agents to make up artists) Managers represent artists and composers (record producers too) in their dealings with

recording and publishing companies and all other necessary industry bodies. Managers understand the ways and language of the industry in ways that artists often do