Warner Records
Warner Bros. Records is an American major record label established in 1958 as the foundation label of the present-day Warner Music Group (WMG), and now operates as a wholly owned subsidiary of that corporation. Warner Bros. Records was established on March 19, 1958, as the recorded-music division of the American film studio Warner Bros. For most of its early existence it was one of a group of labels owned and operated by larger parent corporations. The sequence of companies that controlled Warner Bros. and its allied labels evolved through a convoluted series of corporate mergers and acquisitions from the early 1960s to the early 2000s. Over this period, Warner Bros. Records grew from a struggling minor player in the music industry to become one of the top recording labels in the world. In 2003, these music assets were divested by their then owner Time Warner and purchased by a private equity group. This independent company traded as the Warner Music Group before being bought by Access Industries in 2011. WMG is the smallest of the three major international music conglomerates and the world's last publicly traded major music company.
