Elektra Records (Elektra Entertainment Group Inc.) is an American major record label. It is owned by Warner Music Group. Elektra Records was founded in 1950 by Jac Holzman and Paul Rickolt in Holzman's St. John's College dorm room. It was combined with WMG's Atlantic Records Group in 2004. After 5 years of being inactive, Atlantic Records Group announced that they were reviving the Elektra as an independent entity within Warner Music on June 1, 2009.