Victory Records is a Chicago-based record label founded by Tony Brummel. It is a privately held corporation. It also operates a music publishing company called "Another Victory, Inc." and is the distributor of several smaller independent record labels.

Victory Records has deals with major music distributors, which include Best Buy, Amazon, Trans World, Hot Topic and more. Music by bands signed to Victory Records can be purchased on iTunes; a few Victory albums have also been released on the Australian iTunes.

Victory Records has had mixed relationships with some of their artists, including Streetlight Manifesto, Thursday, Hawthorne Heights, and A Day to Remember.

Victory Records has had mixed relations with artists signed to the label. Over the years, multiple bands have cited grievances, conflicts, or filed lawsuits against the record label, while other have stayed with record label for years, or even came back to Victory after releasing albums on different labels.

Former Victory band Thursday has had a conflict with the label, citing issues with royalties. The band also cited an incident involving the Victory Records marketing staff producing whoopie cushions for the promotion of their 2001 album Full Collapse, against their wishes. Thursday stated in the DVD accompanying their compilation album Kill the House Lights that they chose to go to a major label (Island Def Jam in 2002) and after fulfilling their contract, Tony Brummel and Victory Records welcomed Thursday "back with open arms."

Ska-punk group Streetlight Manifesto has had numerous conflicts and a generally poor relationship with Victory Records. The band is leaving the label after their next album. In February 2012, Streetlight Manifesto went so far as to request that their fans boycott their (Streetlight Manifesto's) music and other items from the Victory record label's online store.

Despite the controversy, relations between Victory Records and its bands have not been all negative. Close Your Eyes and Ill Niño have mentioned positive relations multiple times in interview. Emmure and Endwell stated that Victory Records has always helped them. Emmure has said specifically "Victory does good business, and if you’re a band that is expecting more than what you get, then you’re going to feel cheated and robbed.", which suggests artists personal issues to be involved in tension between artists and the label.