The Capitol Records, Inc. company was founded by the songwriters Johnny Mercer, Buddy DeSylva and record store owner Glenn Wallichs on April 9, 1942 in Hollywood, California. By 1946 Capitol had sold 42 million records and was established as one of the Big Six studios.
In 1955, the British company Electric & Musical Industries Ltd. (EMI) acquired Capitol Records, Inc for $8.5 million. In 1979, Capitol was made part of the EMI Music "Worldwide division." In 2001, EMI Group Plc merged Capitol Records label with the Priority Records label.
In September 2012 Capitol Records was purchased by Vivendi S.A. (owner of the Universal Music Group)