Editing Record label (section)

== Major versus independent record labels ==

Record labels may be small, localized and "[[independent record label|independent]]" ("indie"), or they may be part of a large [[multinational corporation|international media group]], or somewhere in between. The [[Association of Independent Music]] (AIM) defines a "major" as "a [[Multinational corporation|multinational]] company which (together with the companies in its group) has more than 5% of the world market(s) for the sale of records or music videos". {{As of|2012}}, only three labels are "major labels": [[Universal Music Group]], [[Sony Music]], and [[Warner Music Group]]. In 2014, AIM estimated that the majors had a collective global market share of some 65–70%.<ref>{{cite web |date=1 February 2014 |title=Independent Music is now a growing force in the global market |url=http://www.musicindie.com/independent-music-now-growing-force-global-market/ |url-status=dead |archive-url=https://web.archive.org/web/20190223054625/http://www.musicindie.com/independent-music-now-growing-force-global-market/ |archive-date=23 February 2019 |access-date=20 March 2019 |website=Association of Independent Music}}</ref>