Park Foundation Music App

Home > Labels

Magneoton

Profile

Hungarian label Label Code: LC 5410 / LC 05410 One of the first independent labels in Hungary after the country transferred from communism to free-market economy. The label was bought by Warner Music Group in the early 90's when major labels were setting foot in Hungary. As the 2000's have brought plummeting figures for the record industry all over the world, Hungary was no exception and outsourcing was inevitable. In 2004, the label became independent again, but shared a close working relationship with [l=Warner Music Hungary], namely sharing the same office building and promoter section. In 2010, the Warner Music Hungary office closed and a licensing partnership has been setup with mTon.