There are 4 major labels who are owned by universal music group, Sony music, EMI group and Warner group. Most successful artists are signed by these labels or sister labels. As time has moved on I have noticed a lot of change to the music industry and how music is been sold specially to younger people and with my experience I can say that most do illegal downloading from the internet.
I think that in about 10+ years/ 21st century there will have to be some major changes to the music industry and the new generation coming up will be doing the same illegal downloading as we do now, meaning less money to the industry to produce more artists and songs.
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