The company was founded in Tel Aviv in 1946 as a partnership of Zvi Levin (also known as Hirsch Lewin) with Josef Grossman, Alexander Borowitz and Ephraim Ruttenberg.
Hed Arzi (meaning: The Echo of My Country) is involved with producing music, importing albums from abroad, and distributing Israeli and international music.
Besides its involvement in music, the company also imports and distributes multimedia products, such as computer games and videos.
Since 2008, ownership is held by NMC United (owner of NMC Music).