Anonymous, loose-knit group of 'hacktivists'

Anonymous, which briefly knocked the FBI and Justice Department websites offline in retaliation for the US shutdown of file-sharing site Megaupload, is a shadowy group of international hackers with no central hierarchy.

New world record for Danish nano researchers

Researchers at the Nano-Science Center at the University of Copenhagen have recently moved a big step closer to understanding chemical processes. Their world record comes from tracking the biggest contraction in an inorganic ...

Judge slashes 'monstrous' fine in music piracy case

Condemning a two-million-dollar fine meted out to a Minnesota woman for illegally downloading music over the Internet as "monstrous and shocking," a judge has slashed the penalty to 54,000 dollars.

Tenn. passes Web entertainment theft bill

(AP) -- State lawmakers in country music's capital have passed a groundbreaking measure that would make it a crime to use a friend's login - even with permission - to listen to songs or watch movies from services such as ...

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Music industry

The music industry (or music business) sells compositions, recordings and performances of music. Among the many individuals and organizations that operate within the industry are the musicians who compose and perform the music; the companies and professionals who create and sell recorded music (e.g., music publishers, producers, studios, engineers, record labels, retail and online music stores, performance rights organizations); those that present live music performances (booking agents, promoters, music venues, road crew); professionals who assist musicians with their careers (talent managers, business managers, entertainment lawyers); those who broadcast music (satellite and broadcast radio); journalists; educators; musical instrument manufacturers; as well as many others.

In the late 19th century and early 20th century, the music industry was dominated by the publishers of sheet music. By mid-century records had supplanted sheet music as the largest player in the music business. Since 2000, sales of recorded music have dropped off substantially, while live music has increased in importance.

There are four "major labels" that dominate recorded music — Universal Music Group, Sony Music Entertainment, Warner Music Group and EMI — each of which consists of many smaller companies and labels serving different regions and markets. The live music industry is dominated by Live Nation, the largest promoter and music venue owner. Live Nation is a former subsidiary of Clear Channel Communications, which is the largest owner of radio stations in the United States. Other important music industry companies include Creative Artists Agency (a management and booking company) and Apple Inc. (which runs the world's largest music store, iTunes Store, and sells the iPod and iPhone).

This text uses material from Wikipedia, licensed under CC BY-SA