Planet Records
| Planet Records | |
|---|---|
 |
|
| Parent company | Sony Music Entertainment |
| Founded | 1978 |
| Founder | Richard Perry |
| Status | Defunct |
| Distributor(s) |
Elektra/Asylum Records (1978-1982) RCA Records (1982-1985) |
| Genre | Various |
| Country of origin | U.S. |
Planet Records was an independent American record label founded by record producer Richard Perry. It was distributed by Elektra/Asylum Records until 1982, when Perry sold it to RCA Records.
The label was founded in 1978 by Perry as a side vehicle for showcasing new talent he was nurturing while he was still producing existing artists for other labels. The first act signed to the label was the Pointer Sisters, who became the label's biggest sellers. Other acts on the label included Bill Medley, Greg Phillinganes, the Plimsouls and American Noise.
Perry sold the label to RCA Records in 1982, which kept the label as a subsidiary through late 1985, when it was liquidated. Later, the Pointer Sisters, Phillinganes and Medley were signed directly to the RCA Victor label. The remaining artists on Planet's roster did not have their contracts renewed.
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