Geffen Records

Geffen Records is an American record label, owned by Universal Music Group, and operated as one third of UMG's Interscope-Geffen-A&M label group. Geffen Records was founded in 1980 by music industry businessman David Geffen who, in the early 1970s, had founded Asylum Records. Geffen stepped down from Asylum in 1975, when he crossed over to film and was named a vice-president of Warner Brothers Pictures. He was fired from Warner circa 1978, but remained locked in a 5-year contract, preventing him from working elsewhere. He returned to work in 1980 and struck a deal with Warner Bros. Records to create Geffen Records. Warner provided 100 percent of the funding for the label's operations and distributed the label's releases in the United...