Multinational label. Label Code: LC 0305 / LC 00305. The Philips label was created in 1950 by the Philips Phonografische Industrie N.V. (PPI), subsidiary of the Dutch Philips Electronics company. The label was distributed globally by Philips' local subsidiaries or licensees. In the US the label was introduced by Mercury Record Corporation in 1962. In 1972, Philips became a Polygram label. Following a reorganisation in the early 1980s, Polygram's classical music labels, including Philips, became part of the new Philips Classics Productions division. via Discogs →