 | |
| Genre | Pop |
|---|---|
| Founded | 1952 |
| Founder | Paul Cullen |
| Fate | Defunct |
| Headquarters | Pyrmont, New South Wales, Australia |
| Parent | 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 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]
- ^ Higgins, David (9 November 2005). "A long way to the bottom". Sydney Morning Herald. Retrieved 13 August 2019.