Factory Records was a British independent record label founded in 1978 by Tony Wilson, Alan Erasmus, and Peter Saville. It became known for its innovative approach to music and design, promoting artists like Joy Division and New Order. The label played a significant role in the post-punk music scene and was influential in the development of electronic music. The label's unique business model included a focus on artistic freedom and a commitment to supporting its artists. Factory Records is also famous for its iconic logo and album artwork, which were often created by Peter Saville. The label ceased operations in 1992 but left a lasting legacy in the music industry.