High Quality Content by WIKIPEDIA articles! ABC Records was an American record label, founded in New York City in 1955 as ABC-Paramount Records. It originated as the main popular music label operated the Am-Par Record Corporation, the music subsidiary of the American Broadcasting Company (then known as American Broadcasting-Paramount Theaters). ABC-Paramount Records` first president was Samuel H. Clark. Am-Par also established the Impulse! jazz label in 1961 and subsequently acquired a number of other labels before the entire division was sold to MCA Records in 1979.