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Festival Records information


Festival Records
GenrePop
Founded1952 (1952)
FounderPaul Cullen
FateDefunct
HeadquartersAustralia
Number of locations
Pyrmont, New South Wales
OwnerWarner Bros. Records
Rhino Entertainment
ParentNews Limited (1961–2005)
Warner Music Group

Festival Records, later known as Festival Mushroom Records, was an Australian recording and publishing company founded in Sydney, Australia, in 1952 and operated until 2005.

Festival was a wholly-owned subsidiary of News Limited from 1961 to 2005. The company was successful for most of its 50-year life, despite the fact that as much as 90% of its annual profit was regularly siphoned off by Rupert Murdoch to subsidise his other media ventures.[1]

  1. ^ Higgins, David (9 November 2005). "A long way to the bottom". The Sydney Morning Herald. Retrieved 13 August 2019.

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