NPG Records is the current active record label owned by Prince, founded in 1993 to release his music after Paisley Park Records. Paisley Park was shut down by Warner Bros. Records in 1993. Warner Bros. distributed one NPG release in 1995, The Gold Experience. "NPG" is short for "New Power Generation", also the name of his backing band. Though the 1994 compilation 1-800-NEW-FUNK featured several artists, NPG Records never developed into a full label like Paisley Park did: instead, it exclusively released Prince's albums or side-projects.
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