Australian Record Company Limited

Record company. Active under this name from October 1953 until October 16, 1977. Based in Sydney, Australia. Important note: Earlier releases: Releases between September 1938 and October 1953 belong to Australian Record Company Pty. Ltd. The CBS years: 1960-77: ARC's recording facilities were transferred from Bligh Street to Artarmon sometime in 1960, but the most important event in the company's history took place on 29 April of that year, when the entire board of directors resigned. In their place, two Australians and four Americans were installed to direct operations. All four American board members were executives with CBS and/or Columbia Records. Although rarely discussed, the CBS acquisition of ARC was a significant landmark for the local Australian music industry, since it came only weeks after the January 1960 acquisition of Festival Records by News Limited, the newspaper and publishing company owned and controlled by budding media tycoon Rupert Murdoch. Later releases: Releases between October 17, 1977 and January 10, 1991 belong to CBS Records Australia Limited Releases between January 11, 1991 and February 23, 1995 belong to Sony Music Australia Limited Releases between February 23, 1995 and February 2004 belong to Sony Music Entertainment (Australia) Limited Releases since March 2004 belong to Sony BMG Music Entertainment (Australia) Pty Limited