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In-branch use onlyInterscope Records
Interscope Records is an American record label based in Santa Monica, California, owned by Universal Music Group through its Interscope Geffen A&M imprint. Founded on September 5, 1990 by Jimmy Iovine and Ted Field as a $20 million joint venture with Atlantic Records of Warner Music Group and Interscope Communications, it differed from most record labels by letting A&R staff control decisions and allowing artists and producers full creative control. Interscope's first hit records arrived in under a year, and it achieved profitability in 1993. Chair and CEO until May 2014, Iovine was succeeded by John Janick.In 1992, Interscope acquired the exclusive rights to market and distribute releases from hardcore hip hop label Death Row Records, a decision that ultimately put the label at the center of the mid-1990s gangsta rap controversy. As a result, Time Warner, then the parent of Warner Music Group, severed ties with Interscope by selling its 50 percent stake back to Field and Iovine for $115 million in 1995. In 1996, 50% of the label was acquired for a reported $200 million by MCA Inc., later known as Universal Music Group. Provided by Wikipedia
