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American rock band MGMT was formed while the founding members, Andrew VanWyngarden and Benjamin Goldwasser, were at Wesleyan University. Although they claimed that they had not intended to form a serious band, on graduating in 2005 they started touring. They were signed to Columbia Records in 2006, having previously been with Cantora Records. The band’s name is quite simply an abbreviation for "management", as they did start out with this as their name only to find it was already in use by another band.
The band didn’t release their first album until 2007, when they put out Oracular Spectacular. The second album came in 2010 and was called Congratulations. This was followed three years later by the self-titled third album, MGMT.
The band, with their various line-ups, have toured extensively and supported and opened for many big names. Amongst others, they have supported Courteeners, Samanatha, Radiohead, M.I.A. and Beck. During 2008 and 2009, they toured extensively around the UK, Europe and further afield. They played at the Bonnaroo Music Festival in two consecutive years, they toured around Australia, including the Meredith Music Festival. They appeared at the Toronto Islands’ Virgin Music Festival and at the San Diego Street Scene Festival. Back in the UK in 2009, they played the The Dome at Finsbury Park. Later that year, they were back in Australia for the Splendour in the Grass Festival, and then over in Boston to open for Sir Paul McCartney. Later that month they travelled to Germany for the Dockville Festival. They have continued to commit to heavy touring schedules in support of each subsequent album and to the delight of their fans worldwide. As well as touring with big names in the music industry, MGMT have built up a number of partnerships, including collaborations with Kid Curi, The Flaming Lips and Beck.
In a relatively short career, MGMT have already won several high-profile awards. In 2009, their track Electric Feel won an award for the best remix, although the award went to the remixer, Justice. In 2008 they won the NME award for Best Breakthrough Track for their single Time to Pretend. 2009 turned out to be a very successful year for the band as they won three more awards from NME that year: Best Track for Time to Pretend, Best Album of 2008 for Oracular Spectacular and Best New band.