Gudinski died in his sleep on Monday, according to a company statement .
Gudinski was a towering figure in Australian music, after founding Mushroom Records in 1972 aged 20 following earlier years of booking rock dances and becoming a music agent.
Mushroom’s first release was a live triple LP from the Sunbury music festival, with the label later issuing releases for a rollcall of bands including Skyhooks and Split Enz, and launchiing the music career of Neighbours star Kylie Minogue.
Gudinksi also started Melbourne music venue Bombay Rock.
Mushroom Records grew into Mushroom Group, covering touring, labels, publishing, merchandising, booking agencies and film and television production.
Gudinski established Frontier Touring in 1979 and it regularly toured the world’s biggest names in Australia.
“A larger-than-life figure, Michael was widely respected for his unwavering passion for all music – in particular Australian music,” a Mushroom statement said.
“Michael was renowned for his loyalty and dedication. His ability to achieve the unachievable against unsurmountable odds was proven time and again and spoke to his absolute passion for his career and life.
“Michael’s legacy will live on through his family and the enormously successful Mushroom Group – an enduring embodiment of decades of passion and determination from an incredible man.”
Gudinski is survived by his wife Sue and two children.
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