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.[1]

History

After Magnet was sold and 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.[1] M&G was sold in October 1997 for an undisclosed sum and folded into the main Polydor Records label.[2] Its most successful act was "Sunshine on a Rainy Day" singer Zoe.[2] Other acts included Little Axe,[2] Jai,[3] Raw Stylus,[2] and "Fair Blows the Wind for France" band Pele.[4]

References

  1. ^ a b "Lord Michael Levy". Archived from the original on February 28, 2009. http://web.archive.org/web/20090316051936/http://www.red-star-research.org.uk/levy.html. Retrieved April 30, 2009. 
  2. ^ a b c d Sexton, P.; Horowitz, C. (October 10, 1997). "U.K.'s M&G Records Sold to BMG; Chief Steps Down". "Billboard" Bulletin. AllBusiness.com. http://www.allbusiness.com/retail-trade/miscellaneous-retail-retail-stores-not/4403155-1.html. Retrieved 21 August 2011. 
  3. ^ Bush, J. "Jai: Biography". Allmusic. Santa Clara, CA: Rovi. http://www.allmusic.com/artist/p276316/biography. Retrieved August 22, 2011. 
  4. ^ Russell, T. "Pele Biography". http://www.amsterdam-pele.co.uk/. Retrieved April 30, 2009.