The producers were basically trying to sell the music and other things before 1950s, but now they are involved in many other works like investing in many things like concerts and brands.
Who are producers?
A producer is someone who creates and supplies goods or services. Producers combine labor and capital called factor inputs to create, that is, to output something else. Business firms are the main examples of producers and are usually what economists have in mind when talking about producers.
A producer is the person responsible for finding and launching a project; arranging financing; hiring writers, a director, and key members of the creative team; and overseeing all elements of pre-production, production and post-production, right up to release.
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