Record companies are businesses that produce, market, and distribute music recordings. They work with artists to help them create albums and singles, providing resources like studios, producers, and promotional support. These companies play a crucial role in the music industry by connecting artists with audiences through various platforms. In addition to supporting artists, record companies also manage the rights to the music they produce. This includes licensing songs for use in movies, commercials, and other media. Major record companies, such as Universal Music Group, Sony Music, and Warner Music Group, dominate the industry, but there are also many independent labels that focus on niche markets.