The
company started life as the Columbia Phonograph Co. in 1887 in USA.
It flourished for more than three decades, and set up branches in several
other countries. In 1923, however, it hit financial troubles and
went into receivership. The British subsidiary was sold as Columbia,
later a part of EMI. In the USA, Columbia ended up in the possession
of William S. Paley, founder of Columbia Broadcasting Systems.
From
1965, CBS flourished as a major manufacturer and distributor of records.
Issuing thousands of singles on its own CBS label it was also home to a
number of other successful labels.. |