f Jam Recordings is
an american
record label, focused predominantly on hip and urban music, owned by
Universal music group, and operates as a part of The Island Def
Jam Music Group. In the UK, the label takes on the name Def Jam
UK and
is operated through virgin EMI
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 Bros. Pictures. He was fired
from Warner circa 1978, but remained locked in a 5-year contract, which
prevented him from working elsewhere. He returned to work in 1980 and struck a
deal with Warner Bros. Records to create Geffen Records. Warner provided one
hundred percent of the funding for the label's operations and distributed the
label's releases in the United States, Canada and the United Kingdom; Epic
Records handled distribution in the rest of the world until 1985, when
Warner Bros. also took over those territories. Profits were split 50/50 between
Geffen and the respective distributors.
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