- Headquarters: Santa Monica, California, United States
- Founded: 1934
- Parent company: Vivendi
- Revenue: €8.1 billion (2021)
2. Sony Music Entertainment (SME)
- Headquarters: New York City, New York, United States
- Founded: 1929
- Parent company: Sony Group Corporation
- Revenue: €7.8 billion (2021)
3. Warner Music Group (WMG)
- Headquarters: New York City, New York, United States
- Founded: 1958
- Parent company: Access Industries
- Revenue: €5.1 billion (2021)
4. BMG
- Headquarters: Berlin, Germany
- Founded: 2008
- Parent company: Bertelsmann
- Revenue: €1.5 billion (2021)
5. Merlin Network
- Headquarters: London, United Kingdom
- Founded: 2008
- Parent company: Independent record labels
- Revenue: €0.7 billion (2021)
6. Believe
- Headquarters: Paris, France
- Founded: 2005
- Parent company: Independent record labels
- Revenue: €0.5 billion (2021)