Major Labels refers to the three dominant record companies in the global music industry: Universal Music Group, Sony Music Entertainment, and Warner Music Group. Known as the 'Big Three,' these corporations control approximately 70-80% of the global recorded music market¹. They operate extensive distribution networks, own numerous subsidiary labels, and have substantial financial resources for artist development, marketing, and promotion². Major labels are distinguished from independent labels by their size, corporate structure, and market dominance³.