The title of ELO's 1976 album, A New World Record, means...
a new (record-breaking) achievement (a world record)
an album not to be confused with the contemporaneous World Record (Van der Graaf Generator)
an album for the USA, the 'New World' (as European's call(ed) it - notably, in this context, Dvorak, of New World Symphony fame)
Something else...?