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. Its most successful act was "Sunshine on a Rainy Day" singer Zoe. Other acts included Little Axe, Jai, Raw Stylus, and "Fair Blows the Wind for France" band Pele.
- "Lord Michael Levy". Archived from the original on 16 March 2009. Retrieved 30 April 2009.
- Sexton, P.; Horowitz, C. (10 October 1997). "U.K.'s M&G Records Sold to BMG; Chief Steps Down". "Billboard" Bulletin. AllBusiness.com. Retrieved 21 August 2011.
- Bush, J. "Jai: Biography". Allmusic. Santa Clara, CA: Rovi. Retrieved 22 August 2011.
- Russell, T. "Pele Biography". Retrieved 30 April 2009.
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