The term "music industry" refers to all aspects related to creating, producing, distributing, promoting, and selling music commercially. It encompasses record labels, artists/bands, producers/engineers, concert promoters/touring companies, streaming platforms/apps/services, etc.
Related terms
Record label: A company that discovers talent (musicians/bands) and helps them produce their music while handling marketing/promotion/distribution activities.
Streaming platforms: Online services like Spotify or Apple Music that allow users to listen to songs on-demand without downloading them.
Concert promotion: The process of organizing and marketing live music events, such as concerts or festivals.