Author : Hughes Nelson
Image Source :- digitalmusicnews.com
The music industry is an ever-dynamic realm and the biggest record labels of the world learned with time that the only way for them to remain on top is to adapt to the changing times. With the emergence of more and more independent record labels in the market, along with the advent of digital media, the competition in the market is higher than ever.
Below are listed 10 of the largest record labels in the world:
10/10
Republic Records
Founded in 1995 and relaunched in 2012, a sub-label of Universal Music Group, Republic Records, based in New York City, USA, generates an average yearly revenue of $18 million. Created by the two brothers Monte and Avery Lipman, the first artist to be signed by them was Bloodhound Gang. After they established a partnership with the Universal Music Group, they managed to enlist artists like Ariana Grande, Drake, Post Malone, Taylor Swift, Stevie Wonder, The Weeknd, and James Blake to their roster.
9/10
Capitol Records
Founded in 1942 (as Liberty Records), Capitol Records is best known for being the label of The Beatles during the 60s’ Beatlemania. After their previous owner, the British media conglomerate EMI, went defunct, the label was acquired by Universal Music Group in 2012. Based in Los Angeles, USA, it generates a yearly revenue of $8.8 million. Capitol Records holds rights to legendary artists and bands including The Beatles, Frank Sinatra, Bee Gees, Megadeth, Katy Perry, Beastie Boys, Neil Diamond, Iron Maiden, Coldplay, and Migos.
8/10
Interscope Records
The label was founded in 1990 as a division of Interscope Communications, which became defunct in 2003, and it was then acquired by Universal Music Group. Based in Santa Monica, USA, the label gains a yearly revenue of $57 million approximately. One of the best decisions that it took was acquiring the exclusive rights to the Death Row Records releases. Today the label has enlisted some of the major artists including Dr. Dre, Billie Eilish, Eminem, Lady Gaga, Blackpink, U2, Kendrick Lamar, Olivia Rodrigo, and Maroon 5.
7/10
RCA Records
A brand that survived the Great Depression and World War II, RCA Records was founded in 1990. In the mid-’50s they took the career-changing decision of acquiring the rights to the music of Elvis Presley. Bought and sold by multiple corporations over the years, the company was finally acquired by Sony Music Entertainment in 2008. Based in New York, United States, it generates a yearly revenue of approximately $38 million. The label has signed some of the most prestigious artists like Elvis Presley, ABBA, David Bowie, Dave Matthews Band, Miley Cyrus, Martin Garrix, Foo Fighters, Justin Timberlake, and Enrique Iglesias.
6/10
BMG Rights Management
BMG Rights Management is the fourth big name in the global record industry market and is owned by the Bertelsmann Music Group. Based in Berlin, Germany, the company generates revenue of $627 million yearly. Once owned by Sony, the label soon regained its independence in 2008 and most of its major music rights contracts. Today the label has enlisted in its roster artists like The Rolling Stones, Tina Turner, Kylie Minogue, Quincy Jones, Nena, Morrissey, and Lenny Kravitz.
5/10
Columbia Records
A sub-label of Sony Music Entertainment, Columbia Records, based in New York, USA, generates a yearly revenue of $3 billion. Founded in 1887 as the Columbia Graphophone Company, Columbia Records evolved into a major music company in pre-’50s America. Today the major signatories of the company include artists like Beyoncé, AC/DC, Mariah Carey, Bob Dylan, Pink Floyd, Barbra Streisand, Miles Davis, Leonard Cohen, and The Clash.
4/10
Atlantic Records
Founded in 1947 by the Turkish-American brothers Ahmet and Nesuhi Ertegun, Atlantic Records was acquired by Warner Music Group and today it generates a yearly revenue of $4 billion. Based in New York, United States has artists like Ray Charles, Led Zeppelin, Otis Redding, Aretha Franklin, Yes, Phil Collins, and “Weird Al” Yankovic as its signatories.
3/10
Warner Music Group
With flagship labels, Atlantic Records, Elektra Records, Parlophone Records, and Warner Records, and a yearly revenue exceeding $5.3 billion, Warner Music Group, is a beast in the music conglomerate with a prestigious spot in the NASDAQ stock market and an impressive collection of subsidiaries. Founded in 1958 as a rival to Paramount’s now-defunct Dot Records, Warner Music Group has signed artists like Neil Young, Red Hot Chili Peppers, Dua Lipa, Muse, Michael Bublé, Ed Sheeran, Deftones, Cher, and many more in their roster.
2/10
Sony Music Entertainment
One of the ‘big threes’ of the music corporations of the world, the music segment of Sony Group Corporation comprises an impressive list of owned and associated labels. The music record label’s revenue amounts close to $9 billion yearly. Based in New York, United States, Sony Music Entertainment is such a vast world on its own that enlisting all its artists would be nearly impossible. But some of the major artists signed with them include Michael Jackson, Bruce Springsteen, Wu-Tang Clan, Harry Styles, Mark Ronson, Celine Dion, John Legend, and Judas Priest.
1/10
Universal Music Group
When the British Decca Records decided to expand to the US, they teamed up with Universal Pictures and then MCA Inc. to form the Universal Music Group, which established its unrivaled dominance in the music industry over the years. Based in Hilversum, Netherlands, the conglomerate generates $6.8 billion yearly and harbors some of the most prestigious artists of all time including The Beatles, Queen, Lady Gaga, Drake, Taylor Swift, BTS, Kanye West (Ye), Adele, Elton John, Coldplay, Metallica, and KISS.
Against titans like the “big three” with insanely intricate functioning, the independent labels might have a tough time competing. But given the dynamic manner in which the music industry operates, there can always be expected room for change.
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