ABC-Paramount Records
| ABC Records | |
|---|---|
 |
|
| Parent company |
|
| Founded | 1955 |
| Defunct | 1979 |
| Status | Defunct |
| Distributor(s) | Self-distributed (US), EMI (international), Anchor Records (UK), Sparton Records (Canada), Polydor Records (Canada), GRT (Canada) |
| Genre | Various |
| Country of origin | US |
| Location | New York City |
ABC Records was an American record label founded in New York City in 1955. It originated as the main popular music label operated by the Am-Par Record Corporation. Am-Par also created the Impulse! jazz label in 1961. It acquired many labels before ABC was sold to MCA Records in 1979. ABC produced music in a variety of genres: pop, rock, jazz, country, rhythm and blues, soundtrack, gospel, and polka.
American Broadcasting-Paramount Theaters (AB-PT) is an antecedent of the American Broadcasting Company (ABC). It evolved from federal antitrust actions taken against the movie studios and broadcasting companies in the 1940s and early 1950s.
In 1943 the Federal Communications Commission took action against anti-competitive practices, one of which forced the Radio Corporation of America (RCA) to sell the Blue Network, the sister network of NBC Red Network. Blue was purchased by the businessman Edward J. Noble, and he changed its name to the American Broadcasting Company in 1946. In 1953 ABC merged with United Paramount Theatres, the divested former exhibition/cinema division of Paramount Pictures. The newly merged corporation was chaired by former Paramount Theaters executive Leonard Goldenson and was originally headquartered at 1501 Broadway in New York City, above the Paramount Theater in Times Square.
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Wikipedia