Phonogram Incorporated was started in 1970 as a successor to Philips Phonographic Industries, a unit of the Grammophon-Philips Group (GPG), a joint venture of Philips N.V. of the Netherlands and Siemens AG of Germany. It was a holding company for labels which owned record labels such as Philips, Fontana, Vertigo and Mercury and distributed many other licensed labels.
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