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Can you list the top facts and stats about Universal Records (defunct record label)?
Summarize this article for a 10 years old
Universal Records was a record label owned by Universal Music Group and operated as part of the Universal Motown Republic Group. The label has been dormant since 2006, due to Universal Motown and Universal Republic Records being formed and taking all of the artists from it. Those labels were eventually combined to form the latest iteration of Republic Records.
|Parent company||Universal Music Group|
|Founded||1995; 28 years ago (1995) (as Rising Tide Records)|
|Defunct||2006; 17 years ago (2006)|
|Country of origin||U.S.|
|Location||New York City, New York, U.S.|
As of 2023, the label remains dormant but has been credited as a copyright-holder under a few present-day releases.