Pegasus Records – offshoot of B&C Records. Formed in 1971, Pegasus released just 14 LPs before closing down in 1972, most of the artists moved over to the newly formed Mooncrest label which also reissued a fair number of the original Pegasus releases.
The A-side label design followed the thinking by Vertigo swirl, i.e. a generic ‘corporate’ label for the A side and all track listing information on the B side label.
After a few releases the label name and design was compromised by a legal challenge from The Readers Digest company which owned the trademark to ‘Pegasus’ forcing a change to PEG Records to reflect the catalogue numbering system (although Pegasus Records was still for a while the name of the company) and a ‘PEG’ graphic was introduced, replacing the more appropriate winged horse…shame.
What is interesting to note is that on the inner gatefold of PEG11 (Ritchie Francis ‘Song Bird’ – the third LP to feature the new label design) the record company name is listed as Pegasus with the ‘asus’ crossed out, leaving ‘Peg’ as the name of the label…