Mariah Carey did not work with any record labels.
Island Records is a British-American record label that operates as a division of Universal Music Group ( UMG ) . Mariah Carey . Carey 's recording contract was bought out for $ 50 million by Virgin and she signed a multi-million dollar deal with Island Records the following year . Virgin Records is a British-founded record label founded by English entrepreneurs Richard Branson , Simon Draper , Nik Powell , and musician Tom Newman in 1972 .