[7] PolyCosmic Records was formed in 1993 as a joint venture between PolyGram Music Group (Universal Music Group's predecessor, which has 30% of the company's stocks) and a consortium of Philippine businessmen including Dr. James G. Dy (founding chairman of Dyna Products, Inc., which was the local distributor of PolyGram) and Cosmic Records, a company founded in 1992 by Ramon Chuaying.

Universal Records — which would later be involved in a domestic trademark dispute with UMG — had the distribution rights to Polygram; and Chuaying was its first CEO.

[11][12] After the merger, PolyCosmic Records was reincorporated as MCA Music Inc. (Philippines).

[16][17] In 2021, UMG signed a distribution agreement with Off the Record, a local independent label owned by Ilacad.

[18] On February 5, 2024, UMG relaunched EMI Records Philippines as its fourth label after 22 years.