"the blockbuster of them all". Appearing before the film's release by about two months in June 1963, the soundtrack debuted at #2 on the Billboard album chart and sold steadily. But the film opened to losses so great that belt-tightening was felt throughout the studio structure, and in 1965 it reached the record label. The 20th Century Fox studio closed its newsreel division in 1965, cutting off the label's access to documentary audio for use in a series of current events albums, and tentative steps towards branching out into folk music and psychedelic rock were stopped altogether. From 1966, ABC Records handled distribution of 20th Century Fox Records, and the label issued soundtrack LPs only, but also briefly instituted a budget subsidiary, Movietone Records, to handle back catalog. 20th Century Fox Records enjoyed one more hit album with the soundtrack to Valley of the Dolls, though it did not contain Dionne Warwick's version of the film's theme. They also released the soundtrack to Hello Dolly, starring Barbra Streisand, among other film-related projects. In 1970, the 20th Century Fox studio shut down the record label, though ABC Records still continued to distribute stock on The Little Drummer Boy, a repackaging of Sing We Now of Christmas. 20th Century Records The label was dormant (with ABC Records distributing the label's back catalog during that time) from 1970 to early 1972, when the label was revived as 20th Century Records by Russ Regan on a budget of $1 million a year for the first 3 years. The first three acts signed to the 20th Century label were The DeFranco Family, Maureen McGovern, and Barry White; however, Brighter Side of Darkness gave the newly renamed label their first hit record in 1973 with Love Jones. The label also had major hits with Barry White's The Love Unlimited Orchestra, Love Unlimited, Carl Douglas (best known for the song "Kung Fu Fighting"), Edwin Starr, Stephanie Mills, Leon Haywood, Carl Carlton and the Star Wars soundtrack in 1977. The label also released the debut album from The Alan Parsons Project in 1976 in most of the world except Europe. Other projects The company also re-released the Harry Simeone Chorale's recording of "Little Drummer Boy" and the album on which it was first featured, Sing We Now of Christmas, later reissued as The Little Drummer Boy (this was part of the first 1958-era label series). It became the