Island Records is a multinational record label owned by Universal Music Group. It was founded in 1959 by Chris Blackwell, Graeme Goodall, and Leslie Kong in Jamaica, and was eventually sold to PolyGram in 1989. Island and A&M Records, another label recently acquired by PolyGram, were both at the time the largest independent record labels in history, with Island having exerted a major influence on the progressive music scene in the United Kingdom in the early 1970s.Island Records operates four international divisions: Island US, Island UK, Island Australia, and Island France (known as Vertigo France until 2014). Current key people include Island US president Darcus Beese, OBE and MD Jon Turner. Partially due to its significant legacy, Island remains one of UMG's pre-eminent record labels.