Pina Records was founded in 2000 by Rafael Antonio Pina Nieves. It is based in Puerto Rico and is the most famous label in the reggaeton genre as well as being the most successful. This is mostly due to the artists that are signed to the label. The parent company of the label is Sony Music Entertainment.
In 2010 a reggaeton super-group called La Formula was formed consisting of artists that were signed to Pina records. These artists are RKM & Ken-Y, Arcangel, Jalil Lopez, Zion & Lennox, Plan B and Lobo. The formation of this group coincided with the announcement that Pina Records would be releasing a compilation album of artists that were signed to the label, along with guest artists. Most members of the group have continued to record and release their own material while working on this project.
Their self titled debut album was released on August 21 2012. It reached number one in both the Billboard Top Latin and Latin Rhythm albums charts, debuting at number one on the Top Latin chart. No further albums have been scheduled for release as yet but the group have not announced a split and so there is a possibility of a second album.