Universal Music Group is the largest major record label, founded in 1934. It has many subsidiary labels that are home to some of the biggest artists in music. Some key subsidiaries include Def Jam Recordings, focused on urban/hip hop, and Young Money Entertainment, co-founded by Lil Wayne. EMI Music Group is another major label based in the UK with subsidiaries like Capitol Records and Virgin Records. Sony Music Entertainment holds the second largest share and was formed from mergers with labels like Columbia Records and Jive Records. It also operates subsidiary labels.