Independent Record Label.

The boundaries between major and independent labels, and the definitions of each, differ from commentator to commentator. The traditional definition of a "major" record label is one that owns its own distribution channel. Some independent record labels, in particular those with successful performing artists, sign dual-release agreements (and make other deals) with major labels and may rely to some extent on international licensing deals, distribution agreements, and other arrangements with major record labels. Major labels may also wholly or partially acquire independent labels.