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.

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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.

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