LIBERTY
US
Labels and Company Sleeves 1955-1986
Labels
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to 55006 - 1956 |
to 55251 - 1960 |
to 55251 - 1960 |
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| Liberty
Records was started by chairman Simon Waronker in 1955 with Al Bennett
as president and Theodore Keep as chief engineer. In 1963, the label was
sold to Avnet for $ 12 million. Avnet also bought Blue Note Records, Imperial
Records, Dolton Records, Aladdin
Records and Minit Records.
After two years of losses, Avnet sold the labels back to Al Bennett for $ 8 million. In 1968, Liberty was bought for $38 million by Transamerica Corporation (an insurance company) and combined with their other label United Artists Records. Transamerica did not have a clue about running a record company. Al Bennett was fired after six months, and the company rapidly declined. Transamerica shut down Dolton and transferred Dolton's artists to Liberty. Later they shut down Imperial and Minit and transferred their artists to Liberty. Finally, in 1971, all releases were shifted to United Artists Records and Liberty Records was no more. |
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Capitol Records |
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to 1983 |
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