M&G Records

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M&G Records was a record label founded by Michael Levy, after he sold his previous label Magnet Records in 1988 to Warner Bros. Records for an estimated £10m.

[edit] History

After Magnet was sold and merged into Eastwest Records in the UK, Levy set up M&G Records with backing from Polygram. M&G Records was so named as it was the initials of Michael and his wife Gilda, and featured acts such as "Sunshine On A Rainy Day" singer Zoe and "Fair blows the wind for France" band Pele. It was sold in 1997 for an undisclosed sum and folded into the main Polydor Records label in 1997.