Festival Records
Australian record label / From Wikipedia, the free encyclopedia
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Festival Records (later known as Festival Mushroom Records) was an Australian recording and publishing company founded in Sydney, Australia, in 1952 and operated until 2005.
Australian record label
 | |
| Genre | Pop |
|---|---|
| Founded | 1952 (1952) |
| Founder | Paul Cullen |
| Fate | Defunct |
| Headquarters | Australia |
Number of locations | Pyrmont, New South Wales |
| Owner | Warner Bros. Records Rhino Entertainment |
| Parent | News Limited (1961–2005) Warner Music Group |
Festival was a wholly owned subsidiary of News Limited from 1961 to 2005, and the company was successful for most of its 50-year life, despite the fact that as much as 90% of its annual profit was regularly siphoned off by Rupert Murdoch to subsidise his other media ventures.[1]
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