ABC Records started in 1955 as ABC-Paramount Records, the record label of Am-Par Record Corporation (a subsidiary of American Broadcasting-Paramount Theatres, Inc.), formed in New York City in 1955. In addition to producing records directly, ABC licensed finished masters from independent producers and purchased regionally- released records for national distribution. The corporate name of Am-Par Record Corporation was changed to ABC-Paramount Records, Inc. in 1962, and then to ABC Records, Inc. in 1967.

In 1965, ABC-Paramount Records changed its name to ABC Records. They distributed Dunhill Records until this label was purchased to form ABC-Dunhill Records. They also distributed Sire Records and U.K-based Anchor Records. Because the company was suffering financial problems, ABC Records was sold in 1979 to MCA Records, which dissolved the ABC label. The better selling albums in the ABC Records catalog were reissued on the MCA label.