ABSTRACT
The music industry is big business, an international multi-billion dollar enterprise. Historically, the music industry has been centred in the United States, with the United Kingdom making a significant artistic contribution to an Anglo-American popular music hegemony. This Anglo-American dominance has waned in recent years, with the reassertion of the European market and the emergence of Japanese media conglomerates as major players in the music industry. Nonetheless, the Anglo-American market remains of major importance, not least for its commercial legitimation of emergent trends.
