Ann Margret Tapestries
Main Tag:
Description: Ariola Eurodisc GmbH was founded in 1958 as a music outlet of Bertelsmann. It set up several foreign subsidiaries. Leveraging acqusitions by its parent company, Ariola positioned itself to become a strong contender in the German record industry in the mid-1960s. It acquired both Arista Records and German rival label Hansa Records in 1979. It sold 50% of Arista to RCA Records in 1983; after a brief joint venture between RCA and Ariola, RCA (including its record division) was acquired by General Electric who promptly sold RCA's stake in the venture back to Ariola. Ariola America also had a sister label called Ocean Records, which included on its roster actress/entertainer Ann-Margret. It was active 1979 through 1980.
