Though not clearly defined, an independent record label is generally considered to be any label that is not part of the big three record companies, which consist of Sony Music Entertainment, Warner Music Group, and Universal Music Group.[citation needed]Billboard cites the following definition for use on their Top Independent Albums chart: "For Billboard charting purposes, defining an independent album is done on a title level and based on its distribution. If an album is sold by an indie distributor (or, one of the major label's indie distribution arms), it is classified as an independent title and can chart on our Top Independent Albums tally. Classification is not based on a label's ownership, or if an act is signed to an independent label." Note that this definition does not exclude record labels owned by other large corporations from being classified as independent: for example, Billboard considered Disney Music Group to be an independent label for over a decade, despite being part of The Walt Disney Company, the largest media and entertainment conglomerate in the world.[3] Disney lost the distinction in 2000 when they signed a distribution deal with Universal.
In 2020, Billboard updated their eligibility rules for independent albums. As of the chart dated July 18, 2020, labels that are independently owned and control their masters, but which are distributed directly through one of the "Big Three" record companies (as opposed to a major label within one of the aforementioned companies), would be eligible for Top Independent Albums.[4] This change retroactively classified many albums that had hit #1 on the Billboard 200 as "independent". For the sake of consistency, those albums, such as Taylor Swift's 1989 (Big Machine Records), Adele's 21 (XL Recordings), and the soundtrack to Frozen (Walt Disney Records), are not included in the list below.
Adele – 25 (XL Recordings/Columbia Records), 2021 (hit #1 on Independent Albums six years after hitting #1 on the Billboard 200, only doing so after an already-mentioned rules change)
Taylor Swift – Reputation (Big Machine Records), 2024 (hit #1 on Independent Albums seven years after hitting #1 on the Billboard 200, only doing so after an already-mentioned rules change)