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- $500 millionCapitol Music Group- $500 million Capitol Music Group was formed in 2007 by merging Virgins Record and Capital Records. Capitol Records is a record label founded in 1942 by Glenn E. Wallichs, Jonny Mercer and Buddy DeSylva. They were successful because they could sign some notable musicians like Nat King, Billie Holiday and Bing Crosby.www.therichest.com/rich-powerful/the-richest-record-labels-in-the-world-ranked/
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