Not surprisingly, once independent labels gained some cachet in the late 1970s, major labels also created apparently 'independent' labels which were typically simply facades. Such labels - which would sometimes operate away from the parent company - might be created for one artist, or for the purposes of signing artists under different contractual arrangements to those who were signed to the parent label. Boutique (aka vanity) labels will also be created for bands or for particular record industry identities. In all cases, 'independence' is in the eye of the beholder.
In the new century, independent record labels are changing into a new form with the emergence of open source record labels.