On April 6, 1942, Mercer supervised Capitol's first recording session where Martha Tilton recorded the song "Moon Dreams". In May, the application was amended to change the label's name to Capitol Records. On March 27, 1942, the three men incorporated as Liberty Records (not affiliated with Capitol's future sister label Liberty Records). On February 2, 1942, Mercer and Wallichs met DeSylva at a restaurant in Hollywood to talk about investment by Paramount Pictures. Mercer raised the idea of starting a record company while golfing with Harold Arlen and Bobby Sherwood and with Wallichs at Wallichs's record store. Songwriter Johnny Mercer founded Capitol Records in 1942 with financial help from songwriter and film producer Buddy DeSylva and the business acumen of Glenn Wallichs, owner of Wallichs Music City. record label of the Beatles, especially during the years of Beatlemania in America from 1964 to 1967. The label's circular headquarters building is a recognized landmark of Hollywood, California.īoth the label itself and its famous building are sometimes referred to as "The House That Nat Built." This refers to one of Capitol's most famous artists, Nat King Cole. EMI was acquired by Universal Music Group in 2012, and was merged with the company a year later, making Capitol and the Capitol Music Group both distributed by UMG. Capitol was acquired by British music conglomerate EMI as its North American subsidiary in 1955. It was founded as the first West Coast-based record label of note in the United States in 1942 by Johnny Mercer, Buddy DeSylva, and Glenn E. until 2007) is an American record label owned by Universal Music Group through its Capitol Music Group imprint. Capitol Records, LLC (known legally as Capitol Records, Inc.
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