Major Record Labels
The music industry is dominated by four multi-national corporations:
Universal
· Sony Music
These are referred to as “The Majors”. The majority of these
are backed by conglomerates with stakes in other industries such as; Film, TV
and Electronics.
Major-Independents
Most of these “Majors” own, or license, a series of smaller subsidiary
companies in order to reach different kinds of audiences in different kinds of
genres.
· Columbia
· Island
· Syco
· RCA
· Virgin
These companies are known as “Major-independent”.
Independents
There are a huge number of small companies with little or no financial connection to the majors. These companies often concentrate on a small number of acts, within specialised niches in the industry.
These are called "independents". An example of a highly successful independent is "Domino Records".
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