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Philips Classics Records was started in the eighties as the new classics record label for Philips Records. It was successful with artists like Andrea Bocelli, Alfred Brendel, Sir John Eliot Gardiner, Sir Neville Marriner and the Academy of St. Martin in the Fields, Mitsuko Uchida, Julian Lloyd Webber, Sir Colin Davis and Andre Rieu.

A notable product is their Complete Mozart Edition, featuring all (known) works by Wolfgang Amadeus Mozart, consisting of 180 CDs, published in 1991 for the bicentenary of the composer's death. It has been rereleased as the Complete Compact Mozart Edition.

The label was merged by parent Universal Music into Decca Records. The name still exists, but their website is within Decca's and they do not have any new recordings anymore.

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