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?

Question

Quizplus · Accepted Answer

This is called concentration of media power, which occurs when a few companies own a large share of the market in a particular industry, in this case, the music industry.

Today, Four Companies Sell More Than 80 Percent of the Music