2.0 Analysis. However, a much Environmental Analysis PETSEL of the Music Industry Music is the important art of human being; it has the power to change our mindset, to affect every aspect of our lives and our culture. Music industry overall revenue is expected to drop 25% this year due to COVID-19, but its long-term prospects are good, per Goldman Sachs. Introduction This report focuses on PEST analysis of UK’s food producing industry and giving some particularly essential ratios of some food producing companies. T E A M 3 2. v i s i o n “We are UMG, the Universal Music Group. Political Socio-Cultural Since the initiative to stop piracy of music via the Internet, companies such as Apple, Amazon and Wal-Mart have removed the copyright protection of it's MP3s Universal bought EMI to acquire a vast library of modern artists, such as Jay-Z, Kanye West, and The macro environment will be analysed using a PEST analysis, therefore determining all external factors of the music industry. But, I have no idea what to do for Political, Economic or Social. I need to do a PEST analysis for the music industry, specifically for a recording studio in Bournemouth aimed at amateur artists. This tool is especially useful when starting a … PEST Analysis 15 POLITICAL FACTORS ... Music Industry Executive Summary Executive Summary Music is described as a ‘main hobby’ (either playing, watching live or building a collection) by almost one in five UK adults, according to a November 2009 NEMS Market Research survey commissioned by Key Note. The global automobile industry is a multi billion industry with several large brands competing for market share. Business analysts often use SWOT to help them understand issues and navigate their industry’s target markets. The PEST Analysis of UK’s Food Producing Industry 1. The music industry will be analysed through both a macro and micro environmental aspect. A PESTEL Analysis of the automotive/automobile industry . Universal Music Group - SWOT, PEST, Porter Analysis 1. Yet music is also a large global business towards our economy. A SWOT analysis is a business technique that describes the current strengths, weaknesses, opportunities and threats related to a product and its market. Technological's fine, it's pretty easy to do for a recording studio business plan. Since its foundation in the 19th century, this sector has grown to become an important part of the world economy in terms of revenue. A PESTEL analysis or PESTLE analysis (formerly known as PEST analysis) is a framework or tool used to analyse and monitor the macro-environmental factors that may have a profound impact on an organisation’s performance. PESTEL analysis provides great detail about operating challenges Live Nation Entertainment, Inc. will face in prevalent macro environment other than competitive forces. Pest Analysis Music Industry Of Uk. 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