American, out of Los Angeles. Parachute was founded by Russ Regan - formerly president of 20th Century Records - in partnership with Casablanca Records. It issued records from the summer of 1977 into 1979, and its catalogue seems to have concentrated upon dance music. When the agreement with Casablanca expired, in 1979, Regan resigned from his post as president and the label was discontinued. In Britain, Parachute came on the scene towards the end of 1977 and issued fewer than a dozen singles. Despite the fact that most of them appear to have enjoyed some kind of Chart action in America they failed to repat that success here. Pye handled manufacture and distribution, as it did for parent label Casablanca during that period. Numbering was in the RRS-500s, and promos were marked in the Pye style of that period - with a large black central 'A' (2).
('Both Sides Now'; www.bsnpubs.com)
Copyright 2006 Robert Lyons.