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Universal Records had success in breaking new artists, including the multi-platinum debut of ], ], ], ] and the ]. Glass formed relationships with independent record labels as Kedar Entertainment and Mojo Records. Universal Records had success in breaking new artists, including the multi-platinum debut of ], ], ], ] and the ]. Glass formed relationships with independent record labels as Kedar Entertainment and Mojo Records.

] based record company ], led by ] and ], signed a three-year $30 million distribution deal with Universal Records. Under the terms of the deal, the Williams were given a $2 million advance each year and a credit of $1.5 million for each of the up to six artists that they had at the time. After recouping, Universal Records would retain 20% of profits from album sales, while Cash Money retained 80% as well as ownership of all master recordings. <ref>{{Cite web|url=https://www.xxlmag.com/the-6-biggest-moment-cash-money-signs-with-universal/|title=The #6 Biggest Moment: Cash Money Signs With Universal|access-date= June 2, 2022}}</ref> Cash Money's first success under Universal was ]'s November 1998 release, '']''. The album peaked at number 9 on the ] and would ultimately go on to sell over five million copies worldwide. Cash Money artist ] also released his first album, '']'' under Universal on November 2, 1999. Tha Block Is Hot peaked in the top 3 on the Billboard Top 200 and would go on to be certified Platinum by the RIAA.<ref>{{cite web|url=https://y105music.com/drake-promises-lil-wayne-collab/|title=Drake Promises to Collab With Lil Wayne on New Music|author=C. VERNON COLEMAN II|date=May 2, 2020|access-date=May 20, 2020}}</ref><ref name="BB200">{{cite web|url=https://books.google.com/books?id=fwgEAAAAMBAJ&q=tha+block+is+hot+229%2C500&pg=PA29|title=Billboard|date=November 20, 1999|publisher=Nielsen Business Media, Inc.|via=Google Books}}</ref><ref>{{cite web|url=https://www.riaa.com/gold-platinum/?tab_active=default-award&ar=lil+wayne&ti=&lab=&genre=&format=&date_option=release&from=&to=&award=&type=&category=&adv=SEARCH#search_section|title=RIAA Certifications - Lil Wayne|access-date=September 29, 2020}}</ref> As of June 2012, the album has sold 1.4 million copies in the United States.<ref>{{cite web|url=http://www.billboard.com/articles/news/482379/cash-money-the-billboard-cover-story|title=Cash Money: The Billboard Cover Story|website=billboard.com}}</ref>


The label had successes with acts like ], ], ], ], ], ], ], ], ], ], ], ], ], and ]. In 1999, Universal Records was pooled together with ] and ] to form ]. The label had successes with acts like ], ], ], ], ], ], ], ], ], ], ], ], ], and ]. In 1999, Universal Records was pooled together with ] and ] to form ].

Revision as of 23:01, 2 June 2022

US record label Not to be confused with Universal Music Group or Universal Records (Philippines). For the short-lived country music label, see Universal Records (1988). Record label
Universal Records
Parent companyUniversal Music Group
Founded1995; 29 years ago (1995) (as Rising Tide Records)
Founder
Defunct2005; 19 years ago (2005)
StatusDefunct
Distributor(s)
GenreVarious
Country of originU.S.
LocationNew York City, New York, U.S.

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 2005, 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.

History

Founded in 1995 as Rising Tide Records, the label would ultimately begin to thrive the following year when its name was changed to Universal Records to complement the branding overhaul of the Universal Studios structure since MCA Inc. was purchased from Matsushita Electric by Seagram. The label, which is actually the second incarnation (the first one was a short-lived underground imprint of MCA Records that existed from 1988 to 1989) was created by former Universal Music Group chairman Doug Morris (who now heads Sony Music Entertainment) and Daniel Glass, who became its president.

Universal Records had success in breaking new artists, including the multi-platinum debut of Erykah Badu, Billie Myers, Goldfinger, Akon and the Lost Boyz. Glass formed relationships with independent record labels as Kedar Entertainment and Mojo Records.

New Orleans, Louisiana based record company Cash Money Records, led by Ronald "Slim" Williams and Bryan "Baby/Birdman" Williams, signed a three-year $30 million distribution deal with Universal Records. Under the terms of the deal, the Williams were given a $2 million advance each year and a credit of $1.5 million for each of the up to six artists that they had at the time. After recouping, Universal Records would retain 20% of profits from album sales, while Cash Money retained 80% as well as ownership of all master recordings. Cash Money's first success under Universal was Juvenile's November 1998 release, 400 Degreez. The album peaked at number 9 on the Billboard Top 200 and would ultimately go on to sell over five million copies worldwide. Cash Money artist Lil Wayne also released his first album, Tha Block is Hot under Universal on November 2, 1999. Tha Block Is Hot peaked in the top 3 on the Billboard Top 200 and would go on to be certified Platinum by the RIAA. As of June 2012, the album has sold 1.4 million copies in the United States.

The label had successes with acts like 3 Doors Down, 98 Degrees, Chamillionaire, Godsmack, Mushroomhead, Flaw, Hatebreed, Lifer, Jack Johnson, Juvenile, Nelly, Big Sha, Lil Wayne, and Mika. In 1999, Universal Records was pooled together with Motown Records and Republic Records to form Universal Motown Republic Group.

There have been unrelated Universal Records labels in Europe and the Philippines. Because of the unrelated label in the Philippines owning the rights to the Universal Records name in that country, parent company Universal Music Group does business there as MCA Music, Inc., using UMG's former name.

It was also the distributor of Polydor in the United States. Distribution switched to Interscope Geffen A&M and Republic Records after the label's dissolution.

Affiliated labels

Affiliated labels included Celtic Heartbeat Records, co-founded by U2 manager Paul McGuinness. formerly affiliated with Atlantic Records, and Universal Motown Republic Group (UMRG). Bill Whelan's Riverdance was Celtic Heartbeat's first album to sell more than a million copies.

See also

References

  1. "The #6 Biggest Moment: Cash Money Signs With Universal". Retrieved June 2, 2022.
  2. C. VERNON COLEMAN II (May 2, 2020). "Drake Promises to Collab With Lil Wayne on New Music". Retrieved May 20, 2020.
  3. "Billboard". Nielsen Business Media, Inc. November 20, 1999 – via Google Books.
  4. "RIAA Certifications - Lil Wayne". Retrieved September 29, 2020.
  5. "Cash Money: The Billboard Cover Story". billboard.com.
  6. Tina maples (2013). "The Milwaukee Journal - Google News Archive Search". news.google.com. Retrieved 25 April 2013.
  7. ^ Billboard July 5, 1997 page 48
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