Red Eye Records was an independent record label started in 1985 in the rear of the pre-existing record store of the same name in Sydney, Australia. It had two sub-labels Black Eye Records and Third Eye. In 1990 the label entered a joint venture arrangement with Polydor Records to expand the label's distribution and exposure. The joint venture between the Red Eye Record Label and Polydor concluded at the end of 1996 with Red Eye MD John Foy retaining the Red Eye Record Label (Australia) company structure, as he continues to do so to present day.