Now we are looking on the crossword clue: London-based record label.
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Possible Answers: EMI.
Random information on “EMI Group Ltd.”:
EMI Group Ltd., also known as EMI Music or simply EMI, was a British multinational music recording and publishing company headquartered in London, United Kingdom. At the time of its break-up in 2012 it was the fourth-largest business group and family of record labels in the recording industry and was one of the big four record companies (now the “big three”). Its record labels included EMI Records, Parlophone and Capitol Records. EMI Group also had a major publishing arm, EMI Music Publishing – also based in London with offices globally.
Taken from Wikipedia