Elektra Records

Article

May 23, 2022

Elektra Records is a British record label owned by Warner Music Group, founded in 1950 by Jac Holzman and Paul Rickolt.[1] It played an important role in the development of contemporary folk and rock music between the 1950s and 1970s. In 2004 , was consolidated into WMG Atlantic Records Group. After five years of inactivity, the label was revived as an imprint of Atlantic in 2009. As of October 2018, Elektra was spun off from the Atlantic Records umbrella and reorganized into Elektra Music Group, once again operating as an independent label from first line of Warner Music.

History

Beginnings

Elektra was founded in 1949 by Jac Holzman and Paul Rickholt, each contributing £300.[2] was missing." The first album, released on Elektra Records, "New Songs" (EKLP 1, released March 1950), was a lieder compilation that sold few copies.[2] Throughout the 1950s and early 1950s In the 1960s the label specialized in folk music, releasing several best-selling albums by artists such as Judy Collins, Phil Ochs and Tom Paxton,[3] but in the mid-1960s it switched to pop and rock, achieving great success. prestige in the music scene for being one of the first labels to sign artists from the first wave of psychedelic rock of 1966 and 1967.[2] The label's most important signings were the Chicago band Paul Butterfield Blues Band (with Mike Bloomfield), the Detroit bands The Stooges and MC5 and the Angelenos Love and The Doors.[3] It should be noted that it was precisely the Californians The Doors who achieved the first gold record for Elektra Records with the single of their song Light My Fire, from their self-titled album. In 1966, the company also began publishing, on its subsidiary Nonesuch Records, the Nonesuch Explorer Series, one of the earliest compilations of what is now known as world music. Portions of various recordings by this affiliate were later included on the two Voyager gold records that were sent into space in 1977 aboard Voyager 1 and Voyager 2.

The merger with Asylum Records

Elektra was acquired by the Kinney National company in 1970, along with its subsidiary Nonesuch Records. Soon after, the Kinney company consolidated its record holding company under the Warner Communications company. Holzman continued to manage Elektra until 1972, when it merged with Asylum Records and became Elektra/Asylum Records, with Asylum founder David Geffen managing it. Holzman was appointed vice president and founded Discovery Records. Although they initially used the formal company name, "Elektra/Asylum Records", as the years went by they informally called themselves Elektra Records, with Asylum operating as a subsidiary. In 1975, Geffen left his post due to ill health. Bob Krasnow became the new president and CEO in 1983. It was under Krasnow's leadership that Elektra hired, thanks to a simple employee, Tom Zutaut, one of the most successful bands of the 1980s, Los Angeles-based Mötley Crüe, for the reissue of their first album, Too Fast For Love, and their subsequent works.

Elektra Entertainment Group

In 1988 the company changed its official name to Elektra Entertainment. Krasnow was replaced in the management of the company in 1994. His position was filled by Sylvia Rhone. That same year, the label became Elektra Entertainment Group. During this period, Elektra struck a deal with UK label 4AD, becoming the North American distributor for their artists, including the Pixies, The Breeders, Frank Black and The Amps. This led to Elektra's subsidiary, Warner