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Jubilee Records was a record label specializing in rhythm and blues along with novelty records. It was founded in New York City in 1946 by Herb Abramson. Jerry Blaine became Abramson's partner. Blaine bought out Abramson's half of the company in 1947, when Abramson went on to co-found Atlantic Records with Nesuhi Ertegun . The company name was Jay-Gee Recording Company, a subsidiary of the Cosnat Corporation. Cosnat was a wholesale record distributor.