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Capitol Records is a major United States-based record label owned by EMI, formally located in Los...

Capitol Records is a major United States-based record label owned by EMI, formally located in Los Angeles, but currently operating New York City as part of Capitol Music Group. Its former headquarters building, the Capitol Tower, is a major landmark near the corner of Hollywood and Vine. The Capitol Records Company was founded by songwriter Johnny Mercer in 1942, with the financial help of fellow songwriter and movie producer Buddy DeSylva and the business acumen of Glenn Wallichs (1910-1971), owner of Music City, at the time the biggest record store in Los Angeles, California. Wallichs Music City record store opened in 1940 and was located in Hollywood on the corner of Sunset and Vine. It was the premier music store in Southern California for decades but closed in 1978. Johnny Mercer first suggested the idea of starting a record company while he was golfing with Harold Arlen and Bobby Sherwood. He told them, "I’ve got this idea of starting a record company. I get so tired of listening to the way everyone treats music. I keep feeling they’re selling out. And I don’t like the way artists are treated either. Bing Crosby isn’t the only one who can make records. I don’t know, I think