In 2004, several key figures from EMI-Medley left the label and started Copenhagen Records to give artists more artistic freedom.[4] Among them were Christensen and Foss, who started Mermaid Records in 2005, but remained with Copenhagen Records until 2008. Since 2008, the label is largely owned by Sony Music Entertainment Denmark[2] to create more space for Danish music.[3] The first album released after Sony became the main shareholder was Tim Christensen's third solo album, Superior.[3]
Since 2016 the label have been independent once again[5]