3 Major Record Labels (5% of the market)
1000s of Independant Record Labels
Def Jam used to be an independant record label, however it was bought by Universal, therefore it is now a subsidiary label.
Some independant labels also may seem major just because they're large scale, however this is not the case. For example, Domino Records have signed artists like Arctic Monkeys and Franz Ferdinand, but Domino are still an independant label.
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