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Yes, one other indication that the fables pre-dates the movie star ponies is that the fables all have glittery symbols.
No, it might not seem like a good strategy to release two sets with shady at the same time. But then again Hasbro did so with Posey and Lickety Split didn’t they? I’m fairly certain that the two first sets (Groom and style and the set with white tootsie) overlapped. Leikin, do you remember?It wouldn’t surprise me if Shady had two releases at more or less the same time. I saw in a Swedish ad/toy catalogue that Pony friends and movie stars were both sold in spring -87. For the autumn catalogue in 87, only the Movie star ponies were left, which led me to the theory that Pony Friends might have been released in 1986. But then again, it could just be their focus on advertising. In Norway I found an ad including both movie star ponies and Cupcake from summer 1988 with the title “New pony friends”. Although I am fairly sure that they all were sold in stores here before that. You can’t really trust it without multiple sources.
Leikin, I want to come and dig through your collection too! xD.