today, four companies sell more than 80 percent of the music purchased in the united states, although this fact is not obvious because the four companies have purchased many smaller record labels over the years. what is this called?

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26-10-2022
Business

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today, four companies sell more than 80 percent of the music purchased in the united states, although this fact is not obvious because the four companies have purchased many smaller record labels over the years. what is this called?

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qwdeeppink qwdeeppink · Answer 1 · 2022-10-29T19:04:36+02:00

When more than 80% of compact discs purchased in the US are sold by four companies. The consolidation of media power is what is meant by this.

The media is referred to as a kind of communication that aids in informing people about current events that have occurred throughout the globe and helping to raise awareness of them.

Media ownership describes the process by which fewer individuals or groups grow to hold a greater degree of influence over the national media. A high degree of media market concentration increases the likelihood of reducing the diversity of political, cultural, and social points of view and encouraging particular perspectives by presenting them.

Due to the concentration of ownership and influence, there is a higher likelihood of conflicts of interest, bias, and even the suppression of true information if there is a lack of diversity in journalistic opinions.

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