A short-lived successor to B&C's contemporary-music label 'Pegasus' (q.v.), which ran into trademark difficulties and was forced to mutate. The switch of names took place in February 1972. Peg took over Pegasus's numbering (PGS-0 for singles, PEG-0 for albums) at PGS-3, and several Pegasus albums were re-pressed or reissued on Peg. Nazareth's 'Dear John' single (PGS-2) was also reissued on Peg, albeit after a delay of nearly a year; the 'B' side remained the same but was given a different title, for some reason. In 1973 B&C dropped both Peg and its main B&C label and replaced them with Mooncrest (q.v.). As as result of these changes it is possible to find some records - Nazareth's 'Exercises' LP, for example - on Pegasus, Peg and Mooncrest; which is slightly odd. Be that as it may, there are not many Peg singles around, nowadays. Pressing was by EMI; as can be seen, the demo copy of PGS-4 has the typical EMI-style overprinting (3). In common with the other B&C labels Pegasus and Peg were distributed by Island and EMI until the 1st of July 1972, with EMI doing the job on its own after that point ('Music Week', 1st July).
Copyright 2006 Robert Lyons.