Hollywood Records is an American record label owned by Disney Music Group, a subsidiary of the Walt Disney Company. Hollywood Records was founded in 1989 by then-Disney CEO Michael Eisner with the idea of expanding the music operations of the company and to develop and promote the careers of a wide variety of artists in various genres. However, the label struggled to launch a successful artist, and in 1991 the label had significant financial loss. The only major success was the agreement to be the catalog distributors of Queen, a fact affected by the death of vocalist Freddie Mercury. Label... problems continued and even years after the acquisition of Mammoth Records in 1997 was seen as a sign of the search by Disney for a record label that would give success to the company. However, Mammoth Records was dissolved and integrated into the label in 2003, after little success.
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