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Festival Records
Festival Records, later known as Festival Mushroom Records, was an Australian recording and publishing company founded in Sydney, Australia, in 1952 and operated until 2005.
Festival was a subsidiary of News Limited from 1961 to 2005. The company was successful for most of its 50-year life, despite the fact that as much as 90% of its annual profit was regularly siphoned off by Rupert Murdoch to subsidise his other media ventures.
Festival was established by one of Australia's first merchant banking companies, Mainguard, founded by entrepreneur and former Australian army officer Paul Cullen. Mainguard had a wide range of investments including one of Australia's first supermarket companies, and a whaling business and also backed famed Australian filmmaker Charles Chauvel.
The origin of Festival was Mainguard's purchase and merging of two small Sydney businesses—a record pressing company, Microgroove Australia, one of the first Australian companies to produce discs in the new vinyl microgroove record format, and Casper Precision Engineering. After buying the two companies Cullen reincorporated them as Festival Records on 21 October 1952; soon after he appointed popular Sydney bandleader Les Welch as the label's first artists and repertoire (A&R) manager. Another early staff member was Bruce Gyngell, who was later hired to help found Australia's first commercial TV station, TCN-9, in Sydney and was the first person to appear on television in Australia in 1956. The connection between Nine and Festival would reap great benefits for the label in the late 1950s and early 1960s.
Festival was able to gain a foothold in the Australian music market mainly thanks to Welch, who acquired the Australian rights to the epoch-making Bill Haley record "Rock Around the Clock". The single had originally been turned down by the Australian division of EMI in 1954, when it was first released in the United States, but Welch was able to trump EMI and secure the Australian rights to the recording for Festival in 1955, after the song became a big hit in America and Britain thanks to its inclusion in the film Blackboard Jungle. "Rock Around the Clock" became the biggest-selling record ever released in Australia up to that time, and it established Festival as a significant emerging player in the popular music market.
When Mainguard began diverting Festival's profits into its other businesses, Welch resigned. He was replaced by disc jockey and former record store clerk Ken Taylor. Like Welch, Taylor did not like rock 'n' roll, but he was an astute spotter and marketer of new talent. Thanks to Taylor, Festival was the first local label to sign Australian rock 'n' roll acts, including Australia's "Big Three" acts of the 1950s: Johnny O'Keefe and the Dee Jays, Col Joye and the Joy Boys and Dig Richards and the R'Jays. Festival's sales trebled, but by this time Mainguard was in serious financial straits and in 1957 Cullen sold Festival to property magnate LJ Hooker.
Hooker was an avid music fan and reportedly took a keen personal interest in the company, even establishing his own boutique imprint label, Rex, named after the Sydney hotel that he owned. During this time, Festival had its first home-grown hit with Johnny O'Keefe's "Wild One" (aka "Real Wild Child"), a song covered in the US by Jerry Allison of the Crickets (as Ivan) in 1958 and also recorded by Jerry Lee Lewis for Sun Records. Both artists had heard O'Keefe perform the song during their 1958 Aussie tour and rush recorded the song on their return to the US. This Festival success was followed by four #1 hits in 1959 for another local act, Col Joye & the Joy Boys. But despite the chart success, Festival continued to lose money due to poor management and a lack of international acts on its roster, and Hooker eventually sold it on to Rupert Murdoch's News Limited in 1961, shortly after Murdoch's attempt to acquire the Australian division of the American Ampar label.
As with the Bill Haley single, Festival was again saved by a then-unknown American act—in this case, Herb Alpert & the Tijuana Brass, who had been recommended to Festival in 1962 by top Sydney DJ Bob Rogers. The Tijuana Brass' breakthrough record, "The Lonely Bull" became a worldwide hit and its success in Australia enabled Festival to sign a crucial distribution deal with Alpert's label A&M Records, who supplied Festival with a stream of top-selling U.S. acts such as the Carpenters.
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Festival Records
Festival Records, later known as Festival Mushroom Records, was an Australian recording and publishing company founded in Sydney, Australia, in 1952 and operated until 2005.
Festival was a subsidiary of News Limited from 1961 to 2005. The company was successful for most of its 50-year life, despite the fact that as much as 90% of its annual profit was regularly siphoned off by Rupert Murdoch to subsidise his other media ventures.
Festival was established by one of Australia's first merchant banking companies, Mainguard, founded by entrepreneur and former Australian army officer Paul Cullen. Mainguard had a wide range of investments including one of Australia's first supermarket companies, and a whaling business and also backed famed Australian filmmaker Charles Chauvel.
The origin of Festival was Mainguard's purchase and merging of two small Sydney businesses—a record pressing company, Microgroove Australia, one of the first Australian companies to produce discs in the new vinyl microgroove record format, and Casper Precision Engineering. After buying the two companies Cullen reincorporated them as Festival Records on 21 October 1952; soon after he appointed popular Sydney bandleader Les Welch as the label's first artists and repertoire (A&R) manager. Another early staff member was Bruce Gyngell, who was later hired to help found Australia's first commercial TV station, TCN-9, in Sydney and was the first person to appear on television in Australia in 1956. The connection between Nine and Festival would reap great benefits for the label in the late 1950s and early 1960s.
Festival was able to gain a foothold in the Australian music market mainly thanks to Welch, who acquired the Australian rights to the epoch-making Bill Haley record "Rock Around the Clock". The single had originally been turned down by the Australian division of EMI in 1954, when it was first released in the United States, but Welch was able to trump EMI and secure the Australian rights to the recording for Festival in 1955, after the song became a big hit in America and Britain thanks to its inclusion in the film Blackboard Jungle. "Rock Around the Clock" became the biggest-selling record ever released in Australia up to that time, and it established Festival as a significant emerging player in the popular music market.
When Mainguard began diverting Festival's profits into its other businesses, Welch resigned. He was replaced by disc jockey and former record store clerk Ken Taylor. Like Welch, Taylor did not like rock 'n' roll, but he was an astute spotter and marketer of new talent. Thanks to Taylor, Festival was the first local label to sign Australian rock 'n' roll acts, including Australia's "Big Three" acts of the 1950s: Johnny O'Keefe and the Dee Jays, Col Joye and the Joy Boys and Dig Richards and the R'Jays. Festival's sales trebled, but by this time Mainguard was in serious financial straits and in 1957 Cullen sold Festival to property magnate LJ Hooker.
Hooker was an avid music fan and reportedly took a keen personal interest in the company, even establishing his own boutique imprint label, Rex, named after the Sydney hotel that he owned. During this time, Festival had its first home-grown hit with Johnny O'Keefe's "Wild One" (aka "Real Wild Child"), a song covered in the US by Jerry Allison of the Crickets (as Ivan) in 1958 and also recorded by Jerry Lee Lewis for Sun Records. Both artists had heard O'Keefe perform the song during their 1958 Aussie tour and rush recorded the song on their return to the US. This Festival success was followed by four #1 hits in 1959 for another local act, Col Joye & the Joy Boys. But despite the chart success, Festival continued to lose money due to poor management and a lack of international acts on its roster, and Hooker eventually sold it on to Rupert Murdoch's News Limited in 1961, shortly after Murdoch's attempt to acquire the Australian division of the American Ampar label.
As with the Bill Haley single, Festival was again saved by a then-unknown American act—in this case, Herb Alpert & the Tijuana Brass, who had been recommended to Festival in 1962 by top Sydney DJ Bob Rogers. The Tijuana Brass' breakthrough record, "The Lonely Bull" became a worldwide hit and its success in Australia enabled Festival to sign a crucial distribution deal with Alpert's label A&M Records, who supplied Festival with a stream of top-selling U.S. acts such as the Carpenters.