Capitol Records, LLC (also referred to simply as Capitol and nicknamed Hollywood and Vine) is an American record label part of the Capitol Music Group and a wholly owned division of the Universal Music Group (UMG). The label was founded as the first West Coast-based record label in the United States in 1942 by three industry insiders, Johnny Mercer, Buddy DeSylva and Glenn Wallichs. In 1955, the label was acquired by the British music conglomerate EMI as its North American subsidiary. EMI was later acquired by Universal Music Group in 2012, and was merged with the company in 2013, making Capitol Records and the Capitol Music Group both a part of the Universal Music Group. Capitol Records' circular Los Angeles headquarter building (the Capitol Records Building) is a recognized landmark of C