Music of New York City that its status has declined in recent years, due to a combination of increased corporate control over music media, an increase in the cost of living, and the rise of local music scenes whose success is facilitated by the cheap communication provided by the Internet. New York has been a center for the American music industry since the earliest records in the early 20th century. Since then, a number of companies and organizations have set up headquarters in New York, from the Tin Pan Alley publishers and Broadway to modern independent rock and hip hop labels, non-profit organizations, and others.
Concentration of media ownership Concentration of media ownership Concentration of media ownership (also known as media consolidation or media convergence) is a process whereby progressively fewer individuals or organizations control increasing shares of the mass media. Contemporary research demonstrates increasing levels of consolidation, with many media industries already highly concentrated and dominated by a very small number of firms. Globally, large media conglomerates include Bertelsmann (BMG), National Amusements (Viacom Inc. and CBS Corporation), 21st Century Fox Inc (merging with Disney on January 1, 2019), Sony Corporation, Comcast, The Walt Disney Company, AT&T Inc., Turner Broadcasting System, Hearst Communications, MGM Holdings Inc., Grupo Globo (South