Record Labels

Major labels are powerful and known to the rule the music industry. They manufacture , distribute and promote the music of the people under contract. An example of a major company would be EMI, major labels are usually owned by a parent company EMI parent company is the Universal music group.
The is different from independent companies as they do not have a corporate backer. An example of a independent label would be PWL.

Major label 
The contracts that the artists sign are usually very strict and often take control on what music they produce and how they promote themselves on the media. Major labels also wont let artists keep the rights to their music so they are restricted on how they can spread their music the way they want.
Most major record label artists earn 10%-15% royalty on their music. This just shows that labels only really care about income and not the actual artist.

Independent label
Independent labels usually contract with indie and alternative artists. The artists have a huge benefit that a major label does not, artists are able to the keep the rights to their music meaning they can use it for what they want; selling it to advertisements, films, television or any other products they wish. They are also in control with how they promote themselves as an artist meaning they have no restriction on they way they dress and the music they make. This just shows how much independent is more beneficial for independent.
An independent label maybe more appealing as they get about 40%-75% in royalty.
Independent also have a much more close relationship with their fans as they want fans to enjoy their music as well as them, presenting themselves as humble and grateful for their fans and willing to give back.