Today, Atlantic remains a part of the Warner Music Group, and forms the Atlantic Music Group along with Elektra, Rhino Records (2) (which Atlantic bought out in 1992) and Lava EastWest Records America was switched to Elektra when Sylvia Rhone became president of that label in 1995.įor counterfeit editions and other unofficial versions of its releases, please see Atlantic (2). They oversaw the purchase of Elektra from its founder Jac Holzman in 1970, leading to the creation of the Warner-Elektra-Atlantic ( WEA) alliance and distribution network. Records Mo Austin, served on a committee to oversee the record business. and Atlantic were brought together, Ahmet Ertegün was given considerable power in the new operation and he, along with both the President and Chairman of Warner Bros. This continued until 1969, when Warner Bros-Seven Arts was purchased by Kinney National Company. Records/ Reprise Records, were to be operated as separate record companies under this ownership umbrella. Atlantic/ ATCO Records, along with Warner Bros. Growing from literally a one-room operation into one of the preeminent companies in the rapidly evolving music industry, the Atlantic label soon became recognized and revered around the world-a name synonymous with artistry and quality.Ītlantic was purchased in 1967 by the Warner Bros-Seven Arts film studio. They were later joined by Ahmet's brother Nesuhi Ertegun and Jerry Wexler. In 1947, Ahmet Ertegun, Herb Abramson and his wife Miriam Abramson (maiden name Miram Kahan) started an independent record label in New York City, which they named Atlantic Records.