 In 1999, it was merged into Interscope Records and the Geffen Records name was practically dissolved.On March 23, 2017, "Billboard" magazine stated that Geffen Records was relaunching with longtime A&R person Neil Jacobson as President, who reports to John Janick, CEO and chairman of Interscope Geffen A&M.Geffen Records began operations in 1980, having been started by music industry businessman David Geffen who, in the early 1970s, had founded Asylum Records.