The record industry
is the part of the music industry
that sells sound recordings
. The record industry includes songwriters
, recording artists
, record producers
, sound engineers
, talent managers
, and those who work in artists and repertoire
and entertainment law
. Several of these (especially A&R, marketing and promotion) are usually direct employees of a record company
, others are typically clients or contractors of a record company, although in recent years some of these relationships have begun to change.
In the early years of the phonograph in the late 19th century, the music industry was dominated by the publishers of sheet music. With the start of the 20th century the importance of recorded sound grew in the business, and at about the end of the first World War, records supplanted sheet music as the largest player in the music business. Since 2001, record sales have dropped off while live music has continued to grow, decreasing the importance of the record industry.
List of record industry organizations
- Where have all the good times gone? -- the rise and fall of the record industry, by Louis Barfe