When all’s said and done, who’s the most powerful company in the music business?
Obvious candidates would include rights-holders like Universal Music Group – the owner of the biggest recorded music company in the world.
Then there’s Sony, which now owns 100% of the globe’s dominant publishing business, Sony/ATV, as well as Universal’s Music’s biggest global rival in the recordings space.
Yet as MBW pointed out the other week, Live Nation is on course to post more than $8bn in revenues across 2016 – and top the annual recorded music sales of Sony and Universal combined.
Meanwhile, the Los Angeles-based giant is buying up companies like nobody else in the music industry.