Jubilee Records was founded by Herb Abramson and Jerry Blaine. Later Blaine bought out Abramson. Jubilee's most successful albums were of novelty material which included Kermit Schaefer Blooper compilations and adult party records by Rusty Warren. In 1954 Jubilee had a subsidiary called Josie Records. Jubilee/Josie folded in 1970 and assets were purchased by Roulette Records.