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Music Industry and History:

What is the term music industry? Music industry is a range of music-related businesses and organizations that record, produce, publish, distribute and market recorded music, as well as promotions of live performances. The music industry is made up of various elements, such as musicians, composers, songwriters, publishers, producers, record manufacturers, labels, and distributors.

Also, the music industry is made up of musical ensembles, singers, performers, artists and repertory (A&R), band managers, tour promoters, booking agencies and roadies (tour managers).
The music industry corresponds to the International Standard Industrial Classification (ISIC) that includes sound recording and music publishing activities. The ISIC, economic activities, is a United Nations system that classifies economic data. The United Nations Statistics Division describes the system in the following terms:

"Wide use has been made of ISIC, both nationally and internationally, in classifying data according to kind of economic activity in the fields of production, employment, gross domestic product and other statistical areas. ISIC is a basic tool for studying economic phenomena, fostering international comparability of data, providing guidance for the development of national classifications and for promoting the development of sound national statistical systems" (http://en.wikipedia.org/wiki/ International_Standard_Industr ial_Classification)

Sub-industries in the music industry come from a number of different ISIC that include sound recording and music publishing (information & communication), radio stations for programming and broadcasting activities, music training schools, manufacture and retail sales (selling musical instruments, CDs and merchandise). The Musician's Unions are not-for-profit and garner rights for their members. The Musician's Unions refused to bring recording and performing artists into their ranks and they're less successful in countering the loss of jobs to new technologies, however, the union garners higher royalty rates for record sales. Other sub-industries are copyright collectives and performing rights organizations. The copyright collective collects royalty payments for copyright holders through agreements or by copyright law. Performing rights organizations (PROs) provide intermediary functions in collecting royalty between copyright holders and others who use copyrighted works publicly.

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