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RCA Records is an American record label currently owned by Sony Music Entertainment, a subsidiary of Sony Corporation of America. It is one of Sony Music's four flagship labels, alongside RCA's former long-time rival Columbia Records; also Arista Records, and Epic Records. The label has released multiple genres of music, including pop, classical, rock, hip hop, afrobeat, electronic, R&B, blues, jazz, and country. Its name is derived from the initials of its defunct parent company, the Radio Corporation of America (RCA). RCA Records was fully acquired by Bertelsmann in 1987, making it a part of Bertelsmann Music Group (BMG) and became a part of Sony BMG Music Entertainment after the 2004 merger of BMG and Sony; it was acquired by the latter in 2008, after the dissolution of Sony/BMG and the restructuring of Sony Music. RCA Records is the corporate successor of the Victor Talking Machine Company, founded in 1901, making it the second-oldest record label in American history, after sister label Columbia Records, founded in 1889.