Caroline Records is a record label originally founded in 1973. Initially founded in the United Kingdom to showcase British progressive rock groups, the label ceased releasing titles in 1976, and then re-emerged in the United States in 1986. The label released the work of American punk rock, thrash metal and new wave music bands. Caroline had a number of subsidiary labels, including Astralwerks, Gyroscope, Caroline Blue Plate, Beat the World, Scamp and Passenger. In 2013, the brand was relaunched by Universal Music via the Capitol Music Group.

Virgin Records is a British record label owned by Universal Music Group. It was originally founded as a British independent record label in 1972 by entrepreneurs Richard Branson, Simon Draper, Nik Powell, and musician Tom Newman. It grew to be a worldwide success over time, with the success of platinum performers Paula Abdul, Janet Jackson, Devo, Tangerine Dream, Genesis, Phil Collins, OMD, the Human League, Culture Club, Simple Minds, Lenny Kravitz, the Sex Pistols, and Mike Oldfield among others, meaning that by the time it was sold, it was regarded as a major label, alongside other large international independents such as A&M and Island Records.