
All you need to know about the music business
by
Donald S. Passman
This business of music : the definitive guide to the music industry
by
William Krasilovsky and Sidney Shemel
As of 2012 there are only three major record labels - or Music Groups. A Music Group consists of music publishing companies, record (sound recording) manufacturers, record distributors, and record labels. Music Groups typically own multiple divisions and record labels due to increased consolidation within the sound recording industry in past several decades.
The three major Music Groups are: