Guide Note:Motown Records was formed by Berry Gordy Jr. in 1959 on a loan of $800 from family in Detroit, Michigan. Motown Records was the first record label owned by an African-American and featured African-American artists paving the way into mainstream crossover success.
Fast Facts:
- Annual Revenue: 90 Million (2004)
- Headquarters: New York City, New York
- Distributing Label: The Universal Motown/Universal Republic Group
- Founder: Berry Gordy Jr.
- President: Sylvia Rhone
- CEO: Mel Lewinter
- Parent Company: Universal Music Group
- Staff: 1300