2U was produced by 'Def Jam Recordings', and distributed by Virgin EMI in the UK. This label mainly produces hip hop and urban music, and is owned by the Universal Music Group. Conglomerate- A large company made up of a number of smaller companies, which are called subsidiaries. This allows a media company to operate in a number of industries; television, film, radio, journalism etc and take control/domination of the market. Oligopoly- When only a few separate firms own the majority of the market. In the music video industry, these firms are Universal, Warner Bros and Sony and they make up about 70% of the market. Universal Founded in September 1934, and bought other companies and grown since then. They made $7 billion in revenue in 2017. Universal is extremely diversified, in that they have artists signed to them of a whole range of genres. This has allowed them to grow bigger and dominate the music market. Their subsidiaries include Universal Studios, ECM, Def ...