PolyGram in the context of "Hand in Hand (Olympic theme song)"

Koninklijke Philips N.V. (lit. 'Royal Philips'), simply branded Philips, is a Dutch multinational health technology and former consumer electronics company that was founded in Eindhoven in 1891. Since 1997, its world headquarters have been situated in Amsterdam, though the Benelux headquarters is still in Eindhoven. The company gained its royal honorary title in 1998.

Philips was founded by Gerard Philips and his father Frederik, with their first products being light bulbs. Through the 20th century, it grew into one of the world's largest electronics conglomerates, with global market dominance in products ranging from kitchen appliances and electric shavers to light bulbs, televisions, cassettes, and compact discs (both of which were invented by Philips). At one point, it played a dominant role in the entertainment industry (through PolyGram). However in the 2010s the company began downsizing, selling its TV manufacturing (becoming TP Vision), lighting (becoming Signify), and home appliance units (becoming Versuni), eventually becoming a healthcare-focused company.

Decca Records is a British record label established in 1929 by Edward Lewis after his acquisition of a gramophone manufacturer, The Decca Gramophone Company. It set up an American subsidiary under the Decca name, which became an independent company just before the Second World War. The American spin-off became a subsidiary of MCA Inc. in 1962. Known for its technical innovations, the British parent company grew to become the second most successful recording company in Britain and celebrated fifty years of existence in 1979, shortly before being sold to PolyGram. Both Decca and its former subsidiary were subsequently acquired by Universal Music.

Decca and its American spin-off both built up strong catalogues of popular music. In their first two decades, their artists included Gertrude Lawrence, George Formby, Jack Hylton and Vera Lynn in Britain and Bing Crosby, Al Jolson, the Andrews Sisters and the Mills Brothers in the US. Later performers in their popular catalogues included in the US Bill Haley & His Comets and Buddy Holly plus in the UK Elvis Presley (licensed from RCA Records), Tommy Steele, Lonnie Donegan, Chuck Berry (licensed from Chess Records), Johnny Cash (licensed from Sun Records), Eddie Cochran (licensed from Liberty Records), and the Rolling Stones.

Island Records is a multinational record label owned by Universal Music Group. It was founded in Jamaica by Chris Blackwell, Graeme Goodall, and Leslie Kong in 1959, 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 Imran Majid and Justin Eshak who were named co-CEOs of Island Records in 2021. Partially due to its significant legacy, Island remains one of UMG's pre-eminent record labels.