When Michael Gudinski launches Mushroom Records in 1972, the label scores some early hit singles but costs quickly pile up and Mushroom nearly goes bankrupt. However, Mushroom’s financial troubles turn around when Michael discovers a colourful new band called Skyhooks. Not only would Skyhooks pull Mushroom Records out of the red, they'd help set Michael Gudinski up as the music mogul the world knows today.

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