High Quality Content by WIKIPEDIA articles! Walt Disney Records is a family music record label owned by the Walt Disney Company. Walt Disney Records was formed in 1956 as Disneyland Records. Before that time, Disney recordings were licensed out to a variety of other labels such as (RCA, Decca, Capitol, and ABC-Paramount Records). It was Walt Disney's brother Roy O. Disney who suggested that Walt Disney Productions (now the modern-day Walt Disney Company) form their own record label. Roy enlisted long time staffer Jimmy Johnson to head this new division - Disneyland Records. It adopted its present name in 1989. The label currently releases soundtracks for films and other divisions as well as traditional albums.