Columbia Records, Inc.

A company of the Columbia label. Discogs Notice: Please use this entry only where either "Columbia Records, Inc." and/or "Columbia Records Inc." is explicitly printed on the release. For releases where it appears differently, please consider Columbia Records. It was established in New York as Columbia Recording Corporation on April 4, 1947 and subsequently adopted the "Columbia Records, Inc." name on October 11, 1954. In 1988 it became a part of Sony Music Entertainment Inc., when Sony acquired the CBS Inc. record company, one of its former parents, along with the CBS Inc. subsidiaries in a deal valued at approximately $2 billion. Columbia Records Inc. owned the original trademark to the specific term "LP", introduced by its board president, (Ted) Edward Wallerstein in 1948.The LP record was created by Columbia's president Edward Wallerstein (1948–1959) and he was instrumental in its formulation. He had actually created the idea and design back in 1933 for Victor Records but the concept and production at the time using heavy pick-ups failed and was withdrawn from the market by Edward himself. He took the failed idea and presented it to Columbia who were able to make it a success. Name Variations: "Columbia Records Inc."