Dischord Records was a seminal independent hardcore punkrock record label, based in Washington D.C. Formed in 1980 by Ian MacKaye and Jeff Nelson (members of the highly influential hardcore band, Minor Threat), Dischord became widely known and admired for its steadfast refusal to operate in the same manner as money hungry corporate music labels.
Over the next 23 years, the label would release records by some of the most important bands in the independent punk and hardcore scene (e.g. Fugazi, Rites of Spring, Nation of Ulysses, Q and Not U, Shudder To Think, etc.).
In early 2003, MacKaye and Nelson sold all assets of Dischord Records to Michael Jackson for $50 million USD (split 50% between MacKaye and Nelson).