Kinda of, but most labels find the big three for both production and distribution. There is independent distribution company within each of the big three to att

Kinda of, but most labels find the big three for both production and distribution. There is independent distribution company within each of the big three to attract independent labels. Most labels come to the big three simply because they have the infrastructure in place for global distriubtion from marketing to production to music distriubtion to all the major DSP (digital service providers) such as Apple and Spotify, as well as ringtone. One interesting thing about music deal is that while the big three have the infrastructure and capability, for example WMG can sign a deal with Sony in terrority Y (a country or multiple countries) for the release of X there and they split the royality, and vice versa. I said kinda of because not all sign with big three and further more there are so many independent artists out there releasing to YouTube or Apple iTune or Soundcloud on their own). (Disclaimer: work in a music company)