Festival Mushroom Records was an Australian music recording and publishing company which was founded in Sydney in 1952 and operated until 2005. Festival was a wholly owned subsidiary of News Limited from 1961 to 2005, and the company was highly successful for most of its fifty-year life, despite the fact that as much as 90% of its annual profit was regularly siphoned off by Rupert Murdoch to subsidise his other media ventures.

In 1963, Col Joye helped the Gibb brothers get a record deal with Festival, and they released several singles under this label as well as the album Turn Around, Look At Us.