Disney characters. This was the first time Walt Disney Records had collaborated with another record label on a non-soundtrack release. In 1997, Bellmark Records filed for bankruptcy. As a result, DM Records, Inc. purchased substantially all of Bellmark’s assets for $166,000 in 1999. References See also List of record labels American independent record labels Pop record labels Record labels established in 1989 Record labels disestablished in 1999 Record labels based in California