Record labels may be
small, localized, and "independent"
("indie"), or they may be part of a large international
media group, or somewhere in between. The largest four record labels
are called "major labels". A "sub-label" is a label that is
part of a larger record company, but it trades under a different name.
The major record labels
are called ‘The Big Three’, they include;
1. Sony Music
Entertainment
2. Warner Music Group
3.
Universal
Music Group
The boundaries between major and independent labels,
and the definitions of each, differ from commentator to commentator. In
practice, however, the traditional definition of a 'major' record label is one
that owns its own distribution channel. Some independent record labels, in
particular those with successful performing artists, sign dual-release
agreements (and make other deals) with major labels and may rely to some extent
on international licensing deals, distribution agreements, and other
arrangements with major record labels. Major labels may also wholly or partially
acquire independent labels, they usually support mainstream music; whereas
independent record labels normally promote ‘indie’ music, which usually are not
mainstream.
Other nominally "independent" labels are
started (and sometimes run) by major label artists but are still owned at least
in part by the major label parent. These spin-off labels are also frequently
referred to as vanity labels
or "boutique labels" and are intended to appease established,
powerful artists and/or to give them latitude in discovering and promoting new
talent.
According to Association
of Independent Music, An "major" is defined in AIM's
constitution as a multinational company which (together with the companies in
its group) has more than 5% of the world market(s) for the sale of records
and/or music videos. The majors are (currently) Sony, Warner and the Universal
Music Group (which incorporates Polygram). If a major owns 50% or more of the
total shares in your company, you would (usually) be owned or controlled by that
major."
Some independent record
labels are;
1.
Chrysalis
Records
2.
Apple Records
3.
The Rocket Record Company
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