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The company was initially formed in Los Angeles, California, in 1955 by Si Waronker, Alvin Bennett and Ted Keep. Soon after in June 1957, a NY branch office was opened at the Shelton Towers headed by Jane Gibbs.
Over the years, Liberty licensed and distributed for several other US independent labels. Approximately 1963/64, the company was sold to Avnet Electronics Corp., an electronics concern, but sold back shortly thereafter.