1950–1971: Founding and early history Elektra was formed in 1950, as the
Elektra-Stratford Record Corporation, with a singles label called Stratford Records, by Jac Holzman and Paul Rickolt in Holzman's
St. John's College dorm room. Each invested $300. The usual spelling of the Indoeuropean mythological
Electra was changed. Holzman famously explained, "I gave her the 'K' that I lacked". He found the 'C' in the original name "too soft", but liked the "solid bite" of the letter 'K', citing its use in the
Kodak name. The first Elektra LP,
New Songs (EKLP 1 released March 1951), was a collection of
Lieder and similar art songs, which sold few copies. During the 1950s and early 1960s, the label concentrated on
folk music recordings, releasing a number of best-selling albums by
Theodore Bikel,
Ed McCurdy,
Oscar Brand, and
Judy Collins, and
protest singers such as
Phil Ochs and
Tom Paxton. Holzman also recorded
Josh White, who was without a record deal as a result of
McCarthyite blacklisting. In 1964, Elektra launched
Nonesuch Records. This classical budget label was the best-selling budget classical label of the era. Other labels followed suit by starting their own budget series, but Nonesuch remained the most popular and Jac Holzman states in his book that profits from the budget classical label made it possible for Elektra to experiment with their pop releases by the mid-1960s. In 1965, Elektra began a short-lived joint venture with Survey Music called Bounty Records, which was Elektra's first foray into pop music. The most notable signing for Bounty was the
Paul Butterfield Band who was moved over to Elektra when Bounty folded. Elektra's entrance into pop gained the label considerable prestige within the music scene by being one of the first labels to sign up leading acts from the new wave of American
psychedelic rock of 1966–1967. The label's most important signings were the Chicago-based
Paul Butterfield Blues Band (with
Mike Bloomfield), the Los Angeles bands
Love and
The Doors, and the Detroit bands
The Stooges and
MC5. Included in Elektra's Los Angeles-based signings were
Tim Buckley and
Bread. He later was revealed to have been falsely diagnosed. He was replaced by Joe Smith, who later went on to become CEO of
Capitol Records. Joe Smith, whose leadership resulted in the biggest market share and gross revenues Elektra Asylum was to have, inherited the A&R services of
Chuck Plotkin, famed later for producing many of Bruce Springsteen's greatest records, followed up by
George Daly, who is credited as bringing in seminal
new wave band
The Cars, setting Elektra, again, on another artist direction. Although the label was technically listed as "Elektra/Asylum Records" on the label credits, as the years went on, the label began to unofficially call itself Elektra Records again (with Asylum operating as a subsidiary label). In 1982, Elektra launched a jazz subsidiary called
Elektra/Musician. The following year,
Bob Krasnow became president and CEO of Elektra; under his leadership, the label reached its commercial peak throughout the rest of the 1980s and early to mid-1990s.
1989–2004: Elektra Entertainment Group In 1989, the label officially changed its name to Elektra Entertainment. During the
Bob Krasnow era, the label became home to a wide range of artists, such as
Metallica,
Yngwie Malmsteen,
Faster Pussycat,
Mötley Crüe,
Phish,
Tracy Chapman,
10,000 Maniacs,
They Might Be Giants,
The Cure,
The Sugarcubes,
Stereolab,
Luna,
The Call,
X,
The Afghan Whigs,
Anita Baker,
Linda Ronstadt,
Natalie Cole,
Brand Nubian,
KMD,
Pete Rock & CL Smooth, and
Ween. The label's A&R department included former music journalist
Terry Tolkin, who was credited with coining the term "
alternative music" in the late 1970s. Also during this time, Elektra developed a relationship with the
UK label
4AD. Elektra became the label for 4AD acts such as the
Pixies, The group also claimed that they were taking the action because Robert Morgado had refused to honor a new deal they had worked out with Bob Krasnow shortly before he quit the label. Elektra responded by countersuing the group, but in December,
New York magazine reported rumors that then Warner Music US chairman
Doug Morris had offered the group a lucrative new deal in exchange for dropping the suit, which was reported to be even more generous than the earlier Krasnow deal. In January, the group and Elektra jointly announced that they had settled the suit, and although a nondisclosure agreement kept the terms secret, media sources claimed, "a significant increase in royalty payments to the band as well as a renegotiation of the group's recording contract were key factors in Metallica and Elektra coming to terms." Despite having a large stable of noted acts, as the 1990s drew to a close, Elektra began to see a slump in revenue, while noticeably underperforming on the charts. It also developed a bit of a sullen reputation in the industry for not properly promoting many of its releases, thus earning the nickname "Neglektra" from several signed artists, such as
Marvelous 3,
Jason Falkner, and
Greg Dulli, and was easily lagging behind its sister labels Warner Bros. Records and Atlantic Records.
2004–2018: Atlantic era In February 2004,
Warner Music Group was sold by
Time Warner to a group of private investors made up of
Thomas Lee Partners,
Bain & Company, and
Edgar Bronfman Jr. (who assumed CEO duties). The new owners of WMG decided to merge Elektra and Atlantic Records. Because it was the lesser performing label of the two, 40% of Elektra's operations were put into the new venture, while a commanding 60% of Atlantic's went in. Subsequently, the new company was called
Atlantic Records Group, with Elektra breaking off into a subsidiary that became dormant until the label was revived in 2009 (though longtime time Elektra artists such as
Tracy Chapman,
Björk, and
Yolanda Adams continued to have releases on the label, while newer signees such as
Jason Mraz and
Jet were transferred to Atlantic). Atlantic Records Group announced the revival of Elektra Records as an independent entity within Warner Music on June 1, 2009. The revived label is headed up by two new co-Presidents:
Mike Caren, Exec. VP of A&R for Atlantic Records, and
John Janick, founder and President of prominent indie label
Fueled by Ramen. The revived label uses a modified version of the
circa-1970s Elektra logo. The first release of the new label was the original soundtrack of the HBO show
True Blood, and the first album released was
Charlotte Gainsbourg's
IRM. The label is now home to artists such as
Uffie,
Little Boots,
Justice,
Bruno Mars, and
CeeLo Green. On October 4, 2012, Warner Music announced that
Jeff Castelaz, the co-founder of
Los Angeles-based independent label
Dangerbird Records, had been named president of Elektra Records. Gregg Nadel from
Atlantic Records A&R became General Manager of the label in 2015. In September 2015, Castelaz stepped down from his role at Elektra, leaving Nadel to run the label. In 2016, Elektra's releases included
A/B, the debut album by Icelandic rock band
Kaleo, which included the number-one Alternative hit "
Way Down We Go",
Fitz and the Tantrums' self-titled
third album and the critically acclaimed
Southern Family, which garnered a 2016 CMA Nomination for "Musical Event of the Year". Nadel was officially named president of the label in 2017. In October 2017, Elektra Records partnered with
MSG Networks for "Friday Night Knicks".
2018–2022: Elektra Music Group Announced on June 18, 2018, Warner Music Group relaunched Elektra Music Group on October 1, as a stand-alone, staffed music company with the labels Black Cement, Elektra,
Fueled by Ramen (FBR),
Low Country Sound, and
Roadrunner Records. A handful of major artists transferred from Atlantic. This returned the group to the Warner-Elektra-Atlantic triad that had for decades marked the original company organization. Staff from Elektra, FBR, and Roadrunner labels, plus some from Atlantic, staffed the new standalone group with co-presidents Mike Easterlin and Gregg Nadel coming from Fueled by Ramen and Roadrunner Records and Elektra, respectively, where they served as label presidents. Elektra co-presidents answered, though, to Atlantic Records Group Chairman and CEO
Craig Kallman and Chairwoman and COO Julie Greenwald. On October 3, 2018, Elektra revealed its entire leadership team. The label group's first release was
Trench by
Twenty One Pilots on October 5, 2018, on
Fueled by Ramen label. Despite that, Atlantic Records is still mentioned in liner notes of the album. In 2019, the label had huge success again with
Tones and I's hit single "
Dance Monkey". In December 2019, Elektra became the distributor for
DTA Records, set up by
Travis Barker.
2022–2024: 300 Elektra Entertainment On June 22, 2022, Warner Music Group announced the creation of
300 Elektra Entertainment (3EE), a new umbrella group created from the merger of Elektra Music Group and
300 Entertainment. The umbrella group means that Fueled by Ramen, Low Country Sound and Roadrunner have been placed into a singular unit with 300 Entertainment's labels. Despite this merger, WMG maintained that 300 and Elektra will keep their separate identities. In October 2024, 300 Elektra Entertainment merged with Atlantic Records, though still retaining imprints on releases. ==Artists==