4th & B'way Records (pronounced /fɔːrθ ænd ˈbrɔːdweɪ/ and spelled out completely as Fourth and Broadway Records in the UK) was a US-based subsidiary of Island Records that specialized in street-oriented music such as hip hop. Established in 1984, it was the flagship label of the Island Trading Company, the independent-distribution parent company of Island's other record labels that operated in the US. However, 4th & B'way was not distributed through major-label channels—the flagship Island label was distributed by Atlantic Records at that time—until the label and distribution company were acquired by PolyGram Records in 1989, when Island Trading became a unit of PolyGram Group Distribution and was renamed Independent Label Sales (ILS). It was also one of several US-based Island labels that