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Universal Music Group’s Monopoly: How It Exploits Artists and Stifles Diversity
Manage episode 437526160 series 3590987
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Universal Music Group’s Monopoly: How It Exploits Artists and Stifles Diversity. Universal Music Group (UMG) controls a significant portion of the global music market, but what does that mean for the artists and the industry at large? In this video, we explore the negative impact of UMG’s dominance, from restrictive contracts that exploit artists financially to the creative compromises forced upon them. With skewed royalty structures, a lack of transparency, and an emphasis on profits over artistic freedom, UMG’s practices have led to widespread mistrust among creators. We’ll also discuss the cultural implications of UMG's control, where independent and diverse voices are often sidelined in favor of more marketable sounds. Is the music industry sacrificing creativity for profit? Watch to find out how Universal Music’s monopoly is shaping the future of music.
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