In 1998, PolyGram was purchased by Seagram and merged with the MCA family of labels, which became Universal Music Group. It then purchased the remaining interest of Def Jam Recordings from Russell Simmons for a reported $100 million. UMG merged 14+ record labels including: Def Jam, Island Records and Mercury Records to form The Island Def Jam Music Group. Despite the formation of IDJMG, the Def Jam, Mercury, and Island labels (among others) continued to operate as separate imprints underneath the bigger umbrella.
