Universal Records was a record label owned by Universal Music Group and operated as part of the Universal Motown Republic Group. The label has been dormant since 2006, due to Universal Motown and Universal Republic Records being formed and taking all of the artists from it. Those labels were eventually combined to form the latest iteration of Republic Records. As of 2022, The label remains dormant but has been credited as a copyright-holder under a few present-day releases. History Founded in 1995 as Rising Tide Records, the label would ultimately begin to thrive the following year when its name was changed to Universal Records to complement the branding overhaul of the Universal Studios structure since MCA Inc. was purchased from Matsushita Electric by Seagram. The label, which is actually the second incarnation (the first one was a short-lived underground imprint of MCA Records that existed from 1988 to 1989) was created by former Universal Music Group chairman Doug Morris (who now heads Sony Music Entertainment) and Daniel Glass, who became its president. Universal Records had success in breaking new artists, including the multi-platinum debut of Erykah Badu, Billie Myers, Goldfinger, Akon and the Lost Boyz. Glass formed relationships with independent record labels as Kedar Entertainment and Mojo Records. New Orleans, Louisiana based record company Cash Money Records, led by Ronald "Slim" Williams and Bryan "Baby/Birdman" Williams, signed a three-year $30 million distribution deal with Universal Records in March 1998. Under the terms of the deal, the Williams were given a $3 million advance each year and a credit of $1.5 million for each of the up to six artists that they had at the time. After recouping, Universal Records would retain 15% of profits from album sales, while Cash Money retained 85% as well as ownership of all master recordings. Cash Money's first success under Universal was Juvenile's November 1998 release, 400 Degreez. The album peaked at number 9 on the Billboard Top 200 and would ultimately go on to be certified quadruple platinum in the US. New York City, New York based Hip Hop and R&B record company Bad Boy Entertainment, founded by Sean "P. Diddy" Combs, signed a three-year marketing, promotion and distribution deal to Universal Records in February 2003. Univeral and Bad Boy released Bad Boy's Da Band's September 2003 album, Too Hot for TV. The album was ultimately certified Gold in America. The label had successes