Overview of Major Record Labels
Universal Music Group, Sony Music Entertainment, and Warner Music Group are the big three major labels. They control approximately 69% of the global music market share. Universal Music Group has the largest market share at 32%, more than all independent labels combined.
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Universal Music Group: Covers 32% of the industry and is more than all independent labels combined.
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Sony Music Entertainment: Known for mergers and global music presence.
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Warner Music Group: Generates $5 billion annually across major labels.
Major Labels History and Significance
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Motown Records: Established in 1959, known for soul, R&B, and pop music.
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Atlantic Records: Founded in 1947, nurtured talents like Miles Davis and Frank Sinatra.
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Def Jam Recordings: Established in 1984, introduced hip-hop and rap into the mainstream.