Festival Mushroom Records

Festival Records, later known as Festival Mushroom Records, was an Australian recording and publishing company founded in Sydney, Australia, in 1952 and operated until 2005.

Festival was a wholly-owned subsidiary of News Limited from 1961 to 2005. The company was successful for most of its 50-year life, despite the fact that as much as 90% of its annual profit was regularly siphoned off by Rupert Murdoch to subsidise his other media ventures.