The "Motown Sound" was created on this site from 1959 to 1972. The company began with an $800 loan from the savings club of the Bertha and Berry Gordy, Sr., family. Originally called Tamla Records, its first national release was "Money (That's What I Want)" in August 1959. Choosing a name that reflected the Motor City, the founder coined "Motown" for the company, which was incorporated as the Motown Record Corporation on April 14, 1960. That same year it produced its first gold record, "Shop Around." In 1968, after growing from a family-oriented business into an international enterprise, it moved its business operations to 2457 Woodward. Motown gave Detroit's inner-city youth an opportunity to reach their full potential and become super stars. By the end of its first decade, it was the largest independent manufacturer of single 45 rpm records in the world. Its labels included Tamla, Motown, Gordy, Soul, VIP, Rare Earth, Black Forum, Workshop Jazz, Divinity, and others. In 1972 Motown moved its headquarters to Los Angeles, California, expanded its television productions, and entered the motion picture industry. Lady Sings the Blues, its first feature-length film, received five Academy Award nominations. By 1975, Motown Industries was the largest black-owned corporation in the world.