History
In the beginning, Monument was the first of London Records distributed labels. Monument Records' first release in October 1958, was also the label's first hit. Billy Grammer's "Gotta Travel On", became a U.S. Top 5 Billboard record chart success which sold over 900,000 copies. It also spawned a nation-wide dance craze called "The Shag". The signing of the former Sun Records singer, Roy Orbison, brought more success to Monument Records, beginning with the 1960 release, "Only the Lonely". By 1961, London Records was distributing more than forty independent companies, prompting Foster to move Monument to the independent-distributor network. In 1971, Foster signed a world-wide distribution agreement with CBS Records.
In addition to Orbison, Monument became home to a number of others including: Robert Knight, Kris Kristofferson, Jeannie Seely, Boots Randolph, Dolly Parton, Ray Stevens, Cindy Walker, Tony Joe White, Charlie McCoy, Willie Nelson, Tommy Roe, The Velvets, Connie Smith, Larry Jon Wilson, Larry Gatlin and Robert Mitchum.
Foster started a soul and R&B label Sound Stage 7 in 1963. Artists on Sound Stage 7 included Joe Simon, The Dixie Belles, Arthur Alexander, and Ivory Joe Hunter. Another Monument sublabel was Rising Sons Records.
Foster invested heavily in a banking venture in the 1980s, and sustained disastrous financial losses as a result. It was this that led to the forced sale of Monument and its publishing counterpart, Combine Music Group, in 1990. CBS Records acquired the Monument catalog, and its successor company Sony Music reactivated the label in 1997 as a country label. Some successful artists signed to Monument during this era were Little Big Town and Dixie Chicks. Monument Records catalog is managed by Sony Music's Legacy Recordings unit.
Read more about this topic: Monument Records
Famous quotes containing the word history:
“Culture, the acquainting ourselves with the best that has been known and said in the world, and thus with the history of the human spirit.”
—Matthew Arnold (1822–1888)
“Anyone who is practically acquainted with scientific work is aware that those who refuse to go beyond fact rarely get as far as fact; and anyone who has studied the history of science knows that almost every great step therein has been made by the “anticipation of Nature.””
—Thomas Henry Huxley (1825–95)
“The history of the past is but one long struggle upward to equality.”
—Elizabeth Cady Stanton (1815–1902)