Capitol Records is one of the most successful and storied American labels in the history of recorded music and the flagship label within the Capitol Music Group. Founded in 1942, the label has recorded and released material by a diverse array of hugely successful and culturally important artists such as The Beatles, The Beach Boys, Frank Sinatra, Nat King Cole, Sam Smith, Katy Perry and countless others. The company was acquired by Universal Music Group in 2012 and is headquartered in the iconic Capitol Records Tower in Hollywood.