Sony Music is the oldest record label, founded in 1887. It has a vast catalog of important recordings and houses many top artists both past and present. Warner Music Group is one of the "big three" record companies and operates major labels like Warner Bros., Parlophone, and Atlantic. It was formerly owned by Time Warner but is now privately held. Universal Music Group is the largest music corporation in the world, owning Universal Music Publishing and claiming a 98% share of the global music market through subsidiaries. It is home to many top artists and co-owns the popular music website Vevo with Sony.