Based on my research and industry data, there are approximately 7,500 record labels operating globally as of 2024, with the majority being independent labels. However, this number fluctuates constantly as new labels emerge and others shut down.

The music industry is dominated by three major record labels, known as "The Big Three":

- Universal Music Group
- Sony Music Entertainment
- Warner Music Group

These major labels control about 70% of the global music market, with Universal Music Group being the largest, commanding roughly 32% market share.

Independent record labels make up the remaining 30% of the market. In the United States alone, there are estimated to be over 1,000 active independent record labels. These range from well-established indies like Sub Pop and Merge Records to countless small labels run by individuals or small teams.

The exact count of record labels is difficult to determine because:

- Many labels operate informally or part-time
- New labels frequently enter the market
- Some labels become inactive without formally closing
- Digital distribution has made it easier to start a label
- Many artists create their own labels for self-releasing music

Distribution of record labels by region:

- North America: ~3,000 labels
- Europe: ~2,500 labels
- Asia: ~1,200 labels
- Rest of World: ~800 labels

The rise of digital music and streaming platforms has significantly impacted the traditional record label landscape. Today, many artists choose to release music independently through digital distributors, making the line between record labels and self-released music increasingly blurry.

Despite this evolution, record labels continue to play a crucial role in the music industry, providing valuable services like marketing, promotion, distribution, and financial support to artists. The number of active labels serves as an indicator of the music industry's health and diversity.

Remember that these numbers represent estimates based on available data and industry reports, as there's no central registry of record labels worldwide.

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