Warner Music Group (WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the "Big Three" recording companies and the third-largest in the global music industry. WMG owns and operates some of the largest and most successful labels, including Elektra Records, Warner Records, Parlophone Records, and Atlantic Records. It also owns Warner Chappell Music, one of the world's largest music publishers.