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The music industry is the industry that creates and performs music, both in the form of compositions and performances.
In the 19th century the music industry was dominated by sheet music publishers. The group of music publishers and songwriters which dominated popular music in the United States was known as Tin Pan Alley. In the early 20th century the phonograph industry grew greatly in importance, and the record industry eventually replaced the sheet music publishers as the industry's largest force.--http://www.wikipedia.org/wiki/Music_industry [Jul 2004]
In the early years of the phonograph in the late 19th century, the music industry was dominated by the publishers of sheet music. With the start of the 20th century the importance of recorded sound grew in the business, and about the end of the first World War records supplanted sheet music as the largest player in the music business. The business has largely been dominated and controlled by the record industry, as the economics of mass-production of copies allow the manufacture of valuable music recordings for a tiny fraction of their sale price. There have been repeated allegations of illegal price fixing by the record industry.
The Recording Artists' Coalition exists to represent the interests of members of the music industry, in their fight against what they see as inequitable treatment by the record industry.
There is a fundamental tension between the two industries – they have been in an uneasy symbiotic / parasitic relationship since this time, which is threatened by the advent of file sharing technologies. Critics of the record industry have compared it to the buggy whip industry, fighting the disruptive technology of file sharing by all possible means. --http://en.wikipedia.org/wiki/Record_industry [Nov 2005]
File sharing technologies [...]The advent of file sharing technologies may change the balance between record companies, song writers, and performing artists.--http://www.wikipedia.org/wiki/Music_industry [Jul 2004]
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