Music Industry

The music industry refers to the business sector that encompasses the creation, production, distribution, and promotion of music and related products. It includes various stakeholders such as artists, songwriters, producers, record labels, distributors, and music publishers. The industry is responsible for the commercialization of music, facilitating the process through which music is made available to the public, including through live performances, recorded music, radio, streaming services, and licensing for use in films and advertisements. The music industry also involves the management of rights and royalties, ensuring creators receive compensation for their work. Over the years, the industry has evolved significantly with technological advancements, impacting how music is consumed and monetized.