Around the same time he began importing albums from the United States which he sold in his network of record stores in France, Pop Shop, in cities such as Paris, Lyon, Grenoble, Aix-en-Provence.
Georgakarakos also produced albums such as Sonny Sharrock's Monkie-Pockie Boo, and some Art Ensemble of Chicago, Archie Shepp, Don Cherry Magma and Gong material.
In 1969 he organised the infamous Festival d'Amougies [fr] with Jean-Luc Young featuring Frank Zappa as master of ceremonies and artists like Sam Apple Pie, Soft Machine, Blossom Toes, Caravan, The Nice, Pink Floyd, Archie Shepp, Captain Beefheart, Martin Circus, Ame Son, Cruciferius, We Free, Gong, Burton Greene, Ten Years After, Sunny Murray, Alexis Korner, Colosseum and the Art Ensemble of Chicago.
Originally intended for Celluloid's Brazilian division, the lambada music compilation and video was eventually released on CBS Records worldwide, reaching no.
Facing the worldwide success of the hit, and the necessities of its management, Georgakarakos sold in debt Celluloid to American businessman John Matarazzo for a symbolic dollar.