A record label is a brand or trademark associated with the marketing of music recording and music videos.
Over the years Record labels have shifted through the rankings for example Warner Music was the number one music label in the late 80's and now is the 3rd biggest label. where as Universal music group were the 5th in the late 80's they are now the biggest label.
Today's big three company's in order are 1st Universal Music Group,2nd Sony Music Entertainment 3rd Warner Music. These three Music labels are known as conglomerate holding company's these company's often have non music divisions as well.
A music group controls and consists of music publishing companies, record manufacturers ,distributors and labels. As of 2007 "the big four" music groups control roughly 70% of the world music market and about 80% of the United States music industry.
This makes it harder for small independent Record labels to make money with in the music industry.
Universal Music Group
Universal muscic group is the biggest music corporation in the world, UMG is an american based company owned by the French.
UMG also owns universal music group publishing group which is the second biggest music publisher in the world. so you could UMG are doing pretty well in business.
UMG has always been a part of another company and in 1996 this is when it got its current name as UMG however before 1996, UMG were once attached to Film Studios Universal Pictures. its origins go back to the formation of Decca Records in 1934. The Decca Record CO. LTD. of England spun american Decca records of and joined back in 1969.
