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E.G. Records Ltd.

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U.K. record company founded by [a=David Enthoven] and [a=John Gaydon]. Incorporated 29th Aug 1969. [l652115] acted as the management company for [a=King Crimson], [a=T. Rex], [a=Emerson Lake & Palmer] and [a=Roxy Music] in the 70s. Gaydon left in 1971 and Enthoven in 1977. [a=Sam Alder] and [a=Mark Fenwick] took over the imprint in later years. Their [l=EG] and [l=Editions EG] labels were distributed by many different majors in various parts of the world. In the late '80s Alder and Fenwick ran into severe financial problems thanks to the investments in Lloyds of London. According to Robert Fripp, "Artist royalty streams began to be diverted by the EG Music Group as loans to the EG-related Athol & Co." This prompted extensive legal battles with many of the artists they were involved with, most famously with Fripp. EG Records Ltd was sold to Virgin Records Group Ltd who themselves were bought by the [l118508] (predecessor of [l1032063]), prior to this acquisition on the 9th May 1991 the company was renamed [l=Virgin EG Records Ltd.] [b]Related record company:[/b] [l=E.G. Records, Inc.] = U.S. branch of E.G. Records Ltd. [b]Related music publishers:[/b] [l=E.G. Music Ltd.] = U.K. publishing company [l=E.G. Music, Inc.] = U.S. branch of E.G. Music Ltd. [l=E.G. Music] = undefined music publisher (may refer to either the U.K. or U.S. company) [l=EG Music Publishers Ltd.] = U.K. music publishing company [l=EG Music Publishers Inc.] = U.S. branch of EG Music Publishers Ltd. Also appears on some releases as: - E.G. Records Limited - EG Records Limited - EG Records Ltd. - EG Records