Magnús Guðmundsson continued running his record label Mjöt and later

Magnús Guðmundsson continued running his record label Mjöt and later he started the band Með Nöktum (With the Naked), which released an album titled Skemmtun in 1985. He collaborated on Hjálpum Þeim , a charity album recorded in 1986 to fight child poverty in Africa and withdrew from the music scene until late 2005 when he collaborated on Guðlaugur’s solo album. Magnús has also worked for an insurance company and has been raising Icelandic ponies . He currently works for the insurance division of Landsbankinn (the National Bank).