Transatlantic Records was founded in 1969 in the UK, primarily to promote progressive rock and folk music. The label quickly gained prominence in the early 1970s, becoming a key player in the British progressive rock scene. Notable artists associated with Transatlantic included the influential bands Camel, Renaissance, and the British folk-rock group Steeleye Span. The label also released albums by other significant acts such as The Enid and the jazz fusion group Brand X. Throughout the 1970s, Transatlantic became known for its high-quality vinyl releases and elaborate album artwork, which complemented the complex musical styles of its artists. However, by the late 1970s, the rise of punk rock and changing musical tastes led to a decline in the label's prominence. Despite this, Transatlantic's legacy endures, as it remains a cherished name among fans of progressive rock and folk music, with many of its releases still sought after by collectors today.