Telstar Records was a British record label that operated from 1982 to 2004. Background Telstar was founded in 1982 by Sean O'Brien and Neil Palmer with a government loan of £120,000.Telstar Records It was launched as a specialist compilation marketing label and had hits with a range of compilation franchises such as the Deep Heat, Kaos Theory and 100% ranges. As well as these brands, the company licensed a number of major artist recordings (for example ABBA and the Four Tops) to release telemarketed compilations. In the mid-1990s, it diversified its output into the singles market and long-term artist development. Until then, Telstar normally only released singles that were telemarketed or associated with acts like The Chippendales or Byker Grove's PJ & Duncan. Many of PJ & Duncan/Ant & Dec's early records came out XSRhythm, Telstar's dance music label, though by the mid 1990s this had been superseded by Multiply Records. This dance label was run by Mike Hall and originally featuring a large amount of acts licensed on a track-by-track basis from overseas companies, before becoming home to acts such as The Cheeky Girls. Acts signed in the late 1990s period included Conner Reeves, Phats & Small and a Tony Mortimer-free version of East 17, while Craig David had two UK number one singles on the Wildstar label, a joint-venture between Telstar and the Capital Radio Group (now known as media company Global), which was run by music managers Ian McAndrew and Colin Lester. Other artists included Victoria Beckham (in a £1.5 million deal arranged with Simon Fuller's 19 Recordings), Rosie Ribbons, Skream!, Danny Erskine and Mis-Teeq. In the late 1990s, Telstar became closely associated with BMG Records, especially with the Telstar TV compilation label. Telstar Records went bankrupt in 2004, largely due to the company's habit of giving large advances to artists such as Claire Sweeney and Victoria Beckham who failed to make them any money. In the media much of the blame for the label's failure was placed on their most high-profile signing, Victoria Beckham. However, as most of Telstar's artists were not directly signed to the label, instead being either sub-licensed or part of a number of joint ventures, BMG (soon to be merged with Sony) declined to buy the label's assets outright. The majority of Telstar's back catalogue (the artists signed directly to the label not sub-licensed) ended up with Phoenix Music International alongside the