1979.
Infinity Records was a subsidiary of MCA Records established in New York City in 1977.
The label was conceived by MCA president Sidney Sheinberg as a way for the Los Angeles-based entertainment conglomerate to improve its presence on the east coast. MCA pulled the plug on Infinity in December 1979.
The collapse of the label also coincided with rising costs of manufacturing for vinyl LPs and a huge sales slump for the industry.
Infinity has since become known as one of the most expensive failures in the history of the record business.