(recorded in just two days) reached No. 8 on the UK album chart, and No. 23 on the Billboard 200, where it remained for over a year, selling strongly despite some negative reviews. It has since been certified platinum in the US by the Recording Industry Association of America (RIAA) and in the UK by British Phonographic Industry (BPI). Sabbath's second album was to have been called War Pigs, but Warner Bros. Records changed the title to Paranoid fearing a backlash by consumers. It was a Top 10 hit on the US album chart in 1971, and went on to sell four million copies in the US alone with virtually no radio airplay. By 1970, "Seven Arts" was dropped from the company name and the WB shield became the Warner Bros. Records logo again. During 1972, a financial scandal in its parking operations forced Kinney National to spin off its non-entertainment assets, and the Warner recording, publishing and film divisions then became part of a new umbrella company, Warner Communications. In July 1970, the Warner recording group acquired another prestige asset with the purchase of Jac Holzman's Elektra Records for US$10 million. Like Atlantic, the new acquisition came with a very valuable back-catalogue, which included the Doors, Love, Paul Butterfield Blues Band, Tim Buckley, the Stooges, MC5 and Bread, but Elektra soon began producing more major hits under the Warner umbrella. Recent signing Carly Simon scored two successive Top 20 singles in 1971 with "That's the Way I've Always Heard It Should Be" and "Anticipation", and her first two albums both made the Billboard Top 50, but the following year she topped the single and album charts with her international smash hit "You're So Vain" and the album No Secrets, which both went to No. 1 in the US Jac Holzman ran the label until 1972, when he was succeeded by David Geffen and Elektra was merged with Geffen's label Asylum Records. Geffen was forced to step down in 1975 for health reasons and Joe Smith was appointed president in his place, although the label's fortunes subsequently waned considerably, with Elektra-Asylum reportedly losing some $27 million during the last two years of Smith's tenure. With three co-owned record companies, the next step was the formation of the group's in-house distribution arm, initially called Kinney Records Distributing Corporation, to better control distribution of product and make sure records by breaking new