Independent labels are music companies that operate without the financial backing of major record labels. They often focus on niche genres and emerging artists, allowing for more creative freedom and unique sounds. These labels can provide a platform for artists who may not fit the mainstream mold. Many independent labels prioritize artist development and personal relationships over commercial success. They typically have smaller budgets but can offer more personalized support, helping artists build their careers on their own terms. Examples of successful independent labels include Sub Pop and XL Recordings.