Each of these big companies own smaller record labels and each record label has different artists signed to them.
Together the major record companies own 76% of the music market.
Artists who are signed to Sony Music:
Adele:
One Direction:
John Mayer:
Maroon 5:
Sam Smith:
Taylor Swift:
Artists who are signed to Warner Music:
Katy Perry:
Bruno Mars:
Michael Buble:
Independent record labels are smaller record companies that are not owned by any of the "big three:. They are often regarded as being more in touch with the fans and more concerned about the music then their star image. To gain credibility major record companies sometimes buy up these independent record labels or launch their own independent record label.
Some examples of independent record companies:
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