Business
The music industry refers to the business industry connected with the creation and sale of music. It consists of record companies, labels and publishers that distribute recorded music products internationally and that often control the rights to those products. Some music labels are "independent," while others are subsidiaries of larger corporate entities or international media groups. In the 2000s, the increasing popularity of listening to music as digital music files on MP3 players, iPods, or computers, and of trading music on file sharing sites or buying it online in the form of digital files had a major impact on the traditional music business. Many smaller independent CD stores went out of business as music buyers decreased their purchases of CDs, and many labels had lower CD sales. Some companies did well with the change to a digital format, though, such as Apple's iTunes, an online store that sells digital files of songs over the Internet.
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Famous quotes containing the word business:
“I am not going to have 2,000 condoms hanging in my window. I don’t care what it represents.”
—Sharon Zuckerbrod, U.S. business executive. As quoted in Newsweek magazine, p. 23 (November 20, 1989)
“I simply contend that the middle-class ideal which demands that people be affectionate, respectable, honest and content, that they avoid excitements and cultivate serenity is the ideal that appeals to me, it is in short the ideal of affectionate family life, of honorable business methods.”
—Gertrude Stein (1874–1946)
“You’re a business idea in the shape of a man.”
—David Lean (1908–1991)