Virgin EG Records (formerly E.G. Records until 1991) was a British artist management company and independent record label, mostly active during the 1970s and 1980s. The initials stood for its founders, David Enthoven and John Gaydon.
Alder and Fenwick were investors in Lloyd's of London and attempted an entrance into the real estate market; major losses on both ventures through 1988-1991 led them to have E.G. loan 4 million pounds towards their failing businesses, which led to no royalty payments to their roster for that time period.[3][1] This prompted extensive legal battles with many of the artists they were involved with. Most notable among those was the one undertaken by Robert Fripp, which lasted 6+1⁄2 years (April 1991 – September 1997).[4][5] Fripp has been publicly critical of Sam Alder's business practices, both in regards to the non-payment of royalties and beyond, recounting the development of the situation that led to the lawsuit and digitizing/reproducing financial/legal documents multiple times on his online diary.[1]John Lurie of American group The Lounge Lizards, whose first album was released by the label in 1981, was also critical of E.G. Records business practices, which he described as deceptive and unethical.[6]
E.G. was sold to Virgin Records in 1992, which continued operating E.G. In 1996, after Virgin was sold to EMI, it was absorbed into Virgin.
Enthoven was born on 5 July 1944. He continued in music management until his death on 11 August 2016.[7]
See also
Discipline Global Mobile, independent music company founded by Robert Fripp (guitarist of King Crimson), whose tenets were made to be in direct opposition to the procedures of Sam Alder's E.G.[1]
References
^ abcdFripp, Robert, ed. (27 June 2012) [6 January 1970, August 1975, 22 February 1976, 7 June 1990, 5 March 1991, 7 March 1991, 17 April 1991, 3 June 1991, 1992, 22 January 1992, 19 June 1993, 26 June 1993, 27 June 1993, 3 July 1993, 10 July 1993, 24 July 1993, 7 August 1993, 13 August 1993, 1994-5, 30 October 1999, 9 December 2002, 15 April 2004, 13 July 2006, 10 February 2009, 11 February 2009, 8 November 2009, 1 December 2009, 21 March 2011, 7 August 2011, 16 August 2011, 12 March 2012]. "27 June 2012". Robert Fripp's Diary. Discipline Global Mobile. Retrieved 28 March 2019.