ðə kˈʌmpəni ɪz ðə səksˈɛsɚɹ ʌv pˈɑːli ɡɹˈæmz ˌɪndᵻpˈɛndənt lˈeɪbəl sˈeɪlz ˌaɪˌɛlˈɛs, pɹˈiːviəsli nˈoʊn æz ˈaɪlənd tɹˈeɪdɪŋ kˈoʊ., wˌɪtʃ fˈoʊldᵻd ˈæftɚ ðə nˈaɪntiːnhˈʌndɹɪd nˈaɪnti nˈaɪn mˈɜːdʒɚɹ ʌvðɪ ˌɛmsˌiːˈeɪ ænd pˈɑːli ɡɹˈæm fˈæmɪliz ʌv lˈeɪbəlz ðæt kɹiːˈeɪɾᵻd jˌuːnɪvˈɜːsəl mjˈuːzɪk ɡɹˈuːp.
The company is the successor of PolyGram's Independent Label Sales (ILS), previously known as Island Trading Co., which folded after the 1999 merger of the MCA and PolyGram families of labels that created Universal Music Group.