A record label owns the rights to a band's music, selling their audio and video in different formats. The major record labels are Universal, Sony, and Warner, which control 70% of the world's music market. Warp Records is a British independent label founded in 1989 that discovered influential electronic artists like Aphex Twin and Boards of Canada. Nothing Records was a US label owned by Trent Reznor that signed industrial and electronic acts like Nine Inch Nails and Marilyn Manson. 4AD is a long-running British independent label known for bands like Pixies, Bauhaus, and Grimes. Mute Records is a UK independent label founded in 1978 known for experimental artists like Depeche