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Hollywood Records (1989)

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  Summary  

Hollywood Records is an American record label owned by Disney Music Group, a subsidiary of the Walt Disney Company.

  Biography  

Hollywood Records was founded in 1989 by then-Disney CEO Michael Eisner with the idea of expanding the music operations of the company and to develop and promote the careers of a wide variety of artists in various genres. However, the label struggled to launch a successful artist, and in 1991 the label had significant financial loss. The only major success was the agreement to be the catalog distributors of Queen, a fact affected by the death of vocalist Freddie Mercury. Label problems continued and even years after the acquisition of Mammoth Records in 1997 was seen as a sign of the search by Disney for a record label that would give success to the company. However, Mammoth Records was dissolved and integrated into the label in 2003, after little success.

In 1998, the company decided to integrate the operations of Walt Disney with Hollywood, Lyric Street, and Mammoth, with Walt Disney Music Publishing, creating Buena Vista Music Group and appointing Bob Cavallo as chairman of the group, and president of Hollywood Records.

It was not until 2003, with the launch of Hilary Duff's musical career that the label would be a real success. The album sold more than 5 million copies and was the beginning of a successful business model for the label, with a total synergy with Disney Channel and Radio Disney, which would bring its artists to have strong media exposure. Duff was the best artist of the successive record with 13 million copies sold. Artists such as the Cheetah Girls, Vanessa Hudgens, Raven-Symoné, Miley Cyrus, Zoë Bielen, Demi Lovato, Selena Gomez & The Scene, and the Jonas Brothers replicate this model of marketing. At the same time, the label continues to develop the careers of artists with a profile less commercial like Grace Potter & The Nocturnals. The label also releases soundtracks from Touchstone Pictures films. In 2010, Hollywood absorbed Disney's country music label, Lyric Street Records, subsequently inheriting its roster of acts. In 2011, Queen's music was distributed by Universal worldwide, as outside the US, Queen left EMI for Universal-owned Island Records.

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Whole or part of the information contained in this card come from the Wikipedia article "Hollywood Records", licensed under CC-BY-SA full list of contributors here.