MonarC Entertainment was an American record label formed by Mariah Carey, under Island Records. The name comes from Carey's well-documented fascination with butterflies. The only albums released with the Monarc Entertainment logo were Charmbracelet and The Remixes. In the summer of 2004, Carey reportedly shut down her MonarC label, as her subsequent releases were released under just Island Records alone. The label was founded by Mariah Carey and longtime music business executive Jerry Blair, supported by A&R power player Faith Newman, and radio promotions handled by veteran promoter Rick Hendrix.