American record label founded in 1971, specifically to provide a record contract for Jackson Browne (6)

I believe the answer is:

asylum

(Other definitions for asylum that I've seen before include "Haven or hospital for the mentally ill" , "Place of refuge, once a mental institution" , "Place of safety or protection" , "'Refuge, sanctuary (6)'" , "Institution for care of the insane" .)

I've seen this clue in The Independent.

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