VideoEMI is so pleased with the arrangement with Williams, says Faxon, that a number of other artists—largely in Asia—have signed similar deals. "It won't change the nature of our business over the near term but it will over time, and it's important to do so [in order to] keep the revenue streams expanding." And that's the new tune they're singing at EMI.
| That's Entertainment Market shares for the five big record labels and the independents, 2002 (the latest available figures). | ||||||
| EMI | BMG | Sony | Universal | Warner | Indies | |
| North America | 8.9% | 13.6% | 14.7% | 32% | 14.9% | 16% |
| Europe | 16.6% | 10.9% | 12.9% | 27.3% | 11.5% | 20.8% |
| World | 12% | 11.1% | 14.1% | 25.9% | 11.9% | 25% |
Billboard, Top Music Hits
Events that have shaped the music industry, 1994 to 2004.
- Piracy
- New—MP3 Players and Digital Devices
- Non-Music Retailing
- Touring
- Consolidation of Broadcasters
- New—DVDs
- MTV
- Re-Entry—Contract Disputes
Sources: Cap Gemini Ernst & Young; CFO Europe
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