M&G Records

M&G Records was a record label founded by Michael Levy after he sold his previous label Magnet Records in 1988 to WEA for an estimated £10 million.{{cite web | url = http://www.red-star-research.org.uk/levy.html | title = Lord Michael Levy | archiveurl = https://web.archive.org/web/20090316051936/http://www.red-star-research.org.uk/levy.html | archivedate=16 March 2009 | accessdate = 30 April 2009}}

History

After Magnet was sold and was then merged into Eastwest Records in the UK, Levy set up M&G Records with backing from Polygram. The name "M&G Records" was derived from the initials of both Levy's first name and that of his wife Gilda. M&G was sold in October 1997 for an undisclosed sum and folded into the main Polydor Records label.{{cite web | url = http://www.allbusiness.com/retail-trade/miscellaneous-retail-retail-stores-not/4403155-1.html | title = U.K.'s M&G Records Sold to BMG; Chief Steps Down | last1 = Sexton | first1 = P. | last2 = Horowitz | first2 = C. | date = 10 October 1997 | work = "Billboard" Bulletin | publisher = AllBusiness.com | accessdate = 21 August 2011}} Its most successful act was "Sunshine on a Rainy Day" singer Zoe. Other acts included Little Axe, Jai,{{cite web | url = {{AllMusic|class=artist|id=p276316|tab=biography|pure_url=yes}} | title = Jai: Biography | first = J | last = Bush | work = Allmusic | publisher = Rovi | location = Santa Clara, CA | accessdate = 22 August 2011}} Raw Stylus, and "Fair Blows the Wind for France" band Pele.{{cite web | url = http://www.amsterdam-pele.co.uk/ | title = Pele Biography | last = Russell | first = T | accessdate = 30 April 2009}}

References

Category:British record labels

Category:Record labels disestablished in 1997