Industrial Context

 Industrial Context:

The big three of the distributors are Warner Music Group, Universal Music Group and Sony Music Group. The company, Warner Music Group owns and operates some of the largest and most successful record labels in the world.

Warner Music Group (WMG) finances its operations through a mix of revenue streams including music sales, streaming royalties, licensing deals, merchandise, and concert tours.

WMG distributes its products both physically and digitally: Physical distribution is handled through its own network (e.g., WEA Corp. in the US), partnerships (such as ADA for independent labels), and third-party distributors. Digital distribution is a major focus, with music made available globally via streaming platforms like Spotify, Apple Music, and Amazon Music.

WMG exchanges its products primarily through: 

- Direct sales to consumers via digital platforms and physical retailers. 

- Licensing deals for music use in films, TV, commercials, and video games, generating royalties and fees. 

- Merchandising and brand partnerships, leveraging artist brands for additional revenue. 

-International operations managed through subsidiaries, affiliates, and licensees to ensure global reach and compliance