The
Pye Company originally manufactured TV and radios. It entered the record
business when it bought Nixa Records in 1953. In 1955, the company acquired
Polygon Records (established by Petula Clark's father) and merged it with
Nixa Records to form Pye Nixa Records with the subsidiary Pye Jazz Records,
In
1958, Pye International was started. The company licensed recordings from
American and other foreign labels in the UK. In 1959, Pye Nixa became Pye
Records and ATV acquired 50% of the label. The company entered the budget-priced
record market in the 1960s, with first Golden Guinea, priced at a guinea
(one pound and one shilling), and then Marble Arch reissuing older Pye
material at an even lower price.
Another
full-price subsidiary, Piccadilly Records, was for new pop acts.
In
Norway, PYE was distributed by Norsk Phonogram AS from 1960. The records
were pressed in Norway. They were distributed in British company sleeves
until picture sleeves took over. |