Parlophone

Parlophone was founded "Parlophon" by Carl Lindström Company in 1896.[1] The name Parlophon was used for gramophones before the company began making records of their own. The label's ₤ trademark is a stylised blackletter L (${\displaystyle {\mathfrak {L}}}$) that stands for Lindström. (It coincidentally resembles the British pound sign £, which is derived from the letter L for the Ancient Roman unit of measurement libra, which means pound (weight) in Latin.) On 8 August 1923, the British branch of "Parlophone" (with the "e" added) was established, led by A&R manager Oscar Preuss.[1] In its early years, Parlophone established itself as a leading jazz label in Britain.[2]

"Parlophon" ad from 1927, Berlin

In 1927, the Columbia Graphophone Company acquired a controlling interest in the Carl Lindström Company, including Parlophone.[1] Parlophone became a subsidiary of Electric & Musical Industries (EMI), after Columbia Graphophone merged with the Gramophone Company in 1931.[3]

In 1950, Oscar Preuss hired producer George Martin as his assistant. When Preuss retired in 1955, Martin succeeded him as Parlophone's manager. Parlophone specialized in mainly classical music, cast recordings, and regional British music,[4] but Martin also expanded the reach into novelty and comedy records. A notable example was The Best of Sellers, a collection of sketches and comic songs by Peter Sellers undertaken in the guise of a variety of comic characters.[5] It reached number three in the UK Albums Chart in 1958. Musicians signed to the label included Humphrey Lyttelton and the Vipers Skiffle Group.[6]

A consistently successful act for Parlophone was teen idol Adam Faith, who was signed to the label in 1959.[7] The label gained significant popularity in 1962 when Martin signed Liverpool band the Beatles.[3] Parlophone gained more attention after signing the Hollies, Ella Fitzgerald, and Gerry and the Pacemakers in the 1960s.[8] Martin left to form Associated Independent Recording (AIR) Studios in 1965.[9]

Parlophone became dormant in 1973 when most of the heritage labels were phased out in favor of EMI Records.[10] Parlophone was revived in 1980.[11] During the next decades the label signed Pet Shop Boys, Duran Duran, Roxette, Radiohead, Supergrass, Guy Berryman, the Chemical Brothers, Blur, Coldplay, Kylie Minogue, Damon Albarn, Conor Maynard, Gabrielle Aplin, and Gorillaz.[12]

On 23 April 2008, Miles Leonard was confirmed as the label's president.[13]

On 28 September 2012, regulators approved Universal Music Group's planned acquisition of Parlophone's parent group EMI for £1.2 billion, subject to conditions imposed by the European Commission requiring that UMG sell off a number of labels, including Parlophone itself (aside from the Beatles' catalogue, which was kept by UMG and moved to Universal's newly formed Calderstone Productions), Chrysalis (aside from Robbie Williams' catalogue), Ensign, Virgin Classics, EMI Classics, and EMI's operations in Portugal, Spain, France, Belgium, Denmark, Norway, Sweden, Czech Republic, Slovakia, and Poland.[14] These labels and catalogues were operated independently from Universal as Parlophone Label Group until a buyer was found. UMG received several offers for PLG, including those from Island founder Chris Blackwell, Simon Fuller, a Sony/BMG consortium, Warner Music Group, and MacAndrews & Forbes.[15][16][17]

On 7 February 2013, it was confirmed that Warner Music Group would acquire Parlophone Label Group for US$765 million. The deal was approved in May 2013 by the European Union, which saw no concerns about the deal because of WMG's smaller reach compared to the merged UMG and Sony. Warner Music closed the deal on 1 July. Parlophone Label Group was the old EMI Records label that included both the Parlophone and the eponymous EMI labels. The EMI trademark was retained by Universal (as Virgin EMI Records) while the "old" EMI Records became defunct and was renamed "Parlophone Records Ltd."

Soon after acquiring Parlophone, WMG signed an agreement with IMPALA and the Merlin Network (two groups which opposed the EMI/Universal deal) to divest $200 million worth of catalogues to independent labels in order to help offset the consolidation triggered by the merger.[18][19] In April 2016, the back catalogue of British rock band Radiohead, who had sued Parlophone and EMI over a dispute in music royalties, was transferred to XL Recordings.[20]

WMG treats Parlophone as its third "frontline" label group alongside Atlantic and Warner.[21] In the US, most of Parlophone's artists are now distributed under Warner Records except Dinosaur Pile-Up, distributed by Roadrunner Records, Coldplay and Tinie Tempah, both distributed by Atlantic Records, and David Guetta, distributed by Atlantic's electronic music imprint Big Beat Records.[22]