Capitol Records, Inc. is an American record label owned by Universal Music Group through its Capitol Music Group imprint. It was founded as the first West Coast-based record label in the United States in 1942 by Johnny Mercer, Buddy DeSylva, and Glenn E. Wallichs, and was later acquired by British music conglomerate EMI as its North American subsidiary in 1955. EMI was later acquired by Universal Music Group in 2012 and was merged with the company a year later, making Capitol and the Capitol Music Group both a part of UMG. The label's circular headquarter building located in Hollywood is a recognized landmark of California.