Epic Records

Sony Music Entertainment is the second-largest global recorded music company of the "big four" record companies and is controlled by Sony Corporation of America, the United States subsidiary of Japan's Sony Corporation. The company, which evolved into Sony Music, was founded in 1929 as the American Record Corporation through the merger of several smaller record companies. In the depths of the Great Depression, the Columbia Phonograph Company ... in the U.S. was acquired by ARC in 1934. ARC was acquired in 1938 by the Columbia Broadcasting System . The Columbia Phonograph Company had international subsidiaries and affiliates such as the Columbia Graphophone Company in the United Kingdom, but they were sold off prior to CBS acquiring American Columbia. RCA Victor Records executive Ted Wallerstein convinced CBS head William S. Paley to buy ARC and Paley made Wallerstein head of the newly acquired record company. CBS made Columbia its flagship label with Okeh its subsidiary label while deemphasizing ARC's other labels.
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