Hollywood BASIC
| Hollywood Records, Inc. | |
|---|---|
 |
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| Parent company | Disney Music Group |
| Founded | 1989 |
| Founder | Michael Eisner |
| Distributor(s) | Universal Music Group |
| Genre | Various; general focus on pop |
| Country of origin | United States |
| Location |
500 S. Buena Vista Street Burbank, California |
| Official website | hollywoodrecords |
Hollywood Records, Inc. is an American record label of the Disney Music Group, distributed by the Universal Music Group. The label focuses in pop, rock, alternative, hip hop, and country genres, as well as specializing in mature recordings not suitable for the flagship Walt Disney Records label. Founded in 1989, its current roster includes artists such as Jordan Fisher, Zella Day, Demi Lovato, Queen, Zendaya, Ocean Park Standoff, Dreamers, Bea Miller, Martina Stoessel, Breaking Benjamin, Jorge Blanco, Sabrina Carpenter, R5, The Young Wild, Olivia Holt, Sofia Carson, Forever in Your Mind, Grace Potter and the Nocturnals, Boy Epic, and Joywave. The label also releases Marvel Studios's soundtrack and compilation albums in conjunction with Marvel Music.
Hollywood Records was founded in 1989 by Michael Eisner, then CEO of The Walt Disney Company as a way of expanding the company's music operations by looking to develop and promote the careers of a wide variety of artists in various genres. At the time, the company was limited to the release of soundtracks from Touchstone, and Hollywood Pictures films. Lawyer Peter Paterno was the first president of the label, until his resignation in 1993 because of the division's lackluster sales. After failing to sign new artists such as Nirvana, Smashing Pumpkins, Naughty By Nature, Cypress Hill and Dr. Dre, the label experienced its first major success in February 1990, when it acquired the North American distribution rights to Queen's entire catalog for $10 million. The deal's outlook as an important economic opportunity was immediately affected by the premature death of the band's lead singer Freddie Mercury, although the band's catalog sales managed to successfully generate nearly $94 million in revenue for Disney from 1991 to 1995.
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