Talk:Pye Records
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Slightly inaccurate entry relating to PRT and Bond’s acquisition of Bell.
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The disposals by Bell of ATV music and PRT were completely unconnected with Bond’s acquisition of Bell -which was triggered by the events of October 1987. The financial hiatus in 1987/88 caused Bell to breach its Banking covenants and this ultimately led to its collapse and sale to Bond.
By then Bell, led by Robert Holmes à Court, had already decided to focus on core international activities and both ATV and PRT were ill fitted for its corporate objectives.
PRT was actually sold to a private investor Ray Richards in March 1987 - 6 months before the financial crash of October that year . Bell was not acquired by Bond until 1988/89.
It was Ray Richard’s who sold PRT to Carlton some time later.
PRT’s pressing plant had already been closed by Bell in about 1984 or 1985 and it’s A&R department was closed in 1986.
So by the time it was sold to Richards, PRT comprised only a recording studio in Marble Arch, London, a back catalogue run from Marble Arch and a distribution operation in Mitcham, London.
There was no symbiotic relationship between PRT and ATV music. They were run as completely separate and unconnected business units… and indeed there was reasonable professional jealousy and hostility between the two divisions.
ATV music was sold to Michael Jackson in 1985 and this had no impact on PRT which, by then, was struggling to attract major new talent.
The Marble Arch recording studios however were extremely well regarded. The manager and recording engineer , Malcolm Davies, had worked extensively with George Martin and The Beatles and was a draw card for people wanting to use the studios.
The studios also put a lot of effort into digitally remastering PRT’s valuable back catalogue of classical music and putting this out on Compact Disc as “The Virtuoso Collection” to quite considerable critical acclaim. — Preceding unsigned comment added by 1.126.105.101 (talk) 00:40, 7 August 2022 (UTC)