Fader Inc. is an independent record label and music magazine based in New York. It was founded in 2002 and has a roster of notable artists. The FADER magazine documents emerging music and culture. Time Inc. is a large publishing company that owns over 90 magazines, including Time, Sports Illustrated, and People. It also owns digital properties and UK magazines. Prometheus Global Media is a New York-based B2B media company formed in 2009. It owns entertainment industry publications like Billboard, Backstage, and The Hollywood Reporter as well as their digital properties.