ELEKTRA RECORDS is an American record label owned by Warner Music Group , founded in 1950 by Jac Holzman and Paul Rickolt. It played an important role in the development of contemporary folk music and rock music between the 1950s and 1970s. In 2004, it was consolidated into WMG's Atlantic Records Group . After five years of dormancy, the label was revived as an imprint of Atlantic in 2009. The label has been run since 2015 by Gregg Nadel, who officially became its president in 2017.
* 1 History
* 1.1 Founding and early history
* 1.2 1970s (
Asylum Records merger)
* 1.3 1990s (Elektra Entertainment Group)
* 1.4 2004 to current (Revival Asylum's founder,
David Geffen ,
would head the newly combined label. Holzman, in the meantime, was
appointed senior vice president and chief technologist for Warner —
ushering the company into home video and the first interactive cable
system. Holzman also went on to acquire
Discovery Records . In 1975,
Geffen stepped down due to health problems. He would be replaced by
Joe Smith, who later went on to become CEO of
Joe Smith, whose leadership resulted in the biggest market share and gross revenues Elektra Asylum was to have, inherited the A under his leadership, the label would reach its commercial peak throughout the rest of the 1980s and early to mid-1990s.
1990S (ELEKTRA ENTERTAINMENT GROUP)
In 1989, the company officially changed its name to ELEKTRA
ENTERTAINMENT. During the
Bob Krasnow era, the label became home to a
wide range of artists such as
Like its sister labels, Elektra's fortunes began to wane in the mid-1990s, in part because of a series of bitter corporate battles between senior Warner label executives which seriously damaged the collective reputation of the group. Unhappy with major structural changes enacted by then Warner Music Group chairman Robert Morgado, Bob Krasnow abruptly resigned in July 1994, and others soon followed—the highly respected Warner Bros CEO Mo Ostin decided not to renew his contract and left in December 1994, and Ostin's friend and protégé Lenny Waronker left early the next year. Krasnow was replaced by Sylvia Rhone and during the year the label was renamed Elektra Entertainment Group.
In September 1994, another damaging controversy erupted when top
heavy metal band
Despite having a large stable of noted acts, as the 1990s drew to a
close, Elektra began to see a slump in revenue, while noticeably
underperforming on the charts. It also developed a bit of a sullen
reputation in the industry for not properly promoting many of its
releases, thus earning the nickname "Neglektra" by many of its acts,
and was easily lagging behind its sister labels Warner Bros. Records
2004 TO CURRENT (REVIVAL & ATLANTIC MERGER)
The new owners of WMG decided to merge Elektra and Atlantic Records.
Because it was the lesser performing label of the two, 40% of
Elektra's operations were put into the new venture, while a commanding
60% of Atlantic's went in. Subsequently, the new company was called
Atlantic Records Group " with Elektra breaking off into a subsidiary
which became dormant until the label was revived in 2009 (though
longtime time Elektra artists such as
Tracy Chapman ,
Atlantic Records Group announced the revival of
The first release of the new label was the original soundtrack of the
On October 4, 2012, Warner Music announced that
Jeff Castelaz , the
In 2016, Elektra’s releases included the debut album by Icelandic Rock Band Kaleo , which included the #1 Modern Rock Hit “Way Down We Go ”, Fitz ">
* ^ A B C Leopold, Todd (20 April 2007). "Confessions of a record
label owner". CNN. Retrieved 13 November 2016.
* ^ A B Nadel, Gregg (18 January 2017). "Gregg Nadel Named
President of Elektra Records". Billboard. Retrieved 7 April 2017.
* ^ "Warner Music Struggles to Restore Its Luster". NPR.org.
October 11, 2005. Retrieved March 9, 2015.
* ^ A B Follow the Music p6
* ^ Ηλέκτρα in the original Greek.
* ^ Nielsen Business Media, Inc (September 25, 1965). "Billboard".
* ^ Nielsen Business Media, Inc (June 26, 1965). "Billboard".
* ^ "Heavy Metal Band Sues Record Label", New York Times, 28
* ^ Pat Wechsler & Roger D. Friedman, "Heavy Metal Gets the Heavy
Bucks", Intelligencer section, New York magazine, December 19–26,
* ^ SFGAte.com, 6 January 1995
* ^ Kirkpatrick, David D (25 November 2003). "
Time Warner Sells
Music Unit for $2.6 Billion". The New York Times. Retrieved 7 April
* ^ "
Warner Music Group &
Jac Holzman and Gavan Daws (1998). Follow the Music: The Life and
High Times of