1. BMG
... . Reconsolidation started happening. Thus the patents in embryonic stage and a depression in the otherwise growth stage of the industry gave the initial players enough time to reach scale economies and edge in marketing & distribution which they did not lose out on. Therefore only a handful of major record companies dominated the music industry. Change in structure and economics of music industry because ... *365 days * $1 per single record price. Value = $ 1.1 Billion in 1999 ( 3% of total global revenues of $38.5 in 1999) Exhibit 2 1995 96 97 98 99 Retail val of sales (US $bn) 39.7 39....
- Word Count: 1481
- Approx Pages: 6
- Grade Level: High School