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.

Quick facts: Genre, Founded, Founder, Fate, Headquarters...
Festival (Mushroom) Records
Founded1952 (1952)
FounderPaul Cullen
Number of locations
Pyrmont, New South Wales
OwnerWarner Bros. Records
Rhino Entertainment
ParentNews 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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