However, in May 1998, Island Records’ parent company, PolyGram , was purchased by beverage giant Seagram for $10.6 billion; as part of Seagram’s purchase, PolyGram was merged into Universal Music Group , and Island Records was reconsolidated into The Island Def Jam Music Group umbrella label. The restructurings delayed the release of the album to 1999. Most of the people Bonham had worked with at Island had left the company during the merger, and the label’s new management asked her to write another hit single; in response, Bonham wrote “Fake It”. The album was then pushed back to the spring of 2000, by which time it had been renamed Down Here .
PolyGram purchased by Seagram
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