My Bloody Valentine are the seminal band in the genre of shoegaze, mostly thanks to their 1991 album Loveless.
They were formed in Dublin, Ireland in 1984 by Kevin Shields and Colm O'Ciosoig, but a few years of shifting line-ups and changing sounds didn't bring much success. Eventually, they broke through in 1988 with the EP You Made Me Realise and their debut album, Isn't Anything. Taking influences from the feedback-drenched sound of the Jesus & Mary Chain, and the dream-pop ambience of Cocteau Twins, MBV were credited with representing a new movement called "shoegaze". This term was chosen because the band members spent most of their time on-stage staring downwards, though they were controlling effects pedals rather than inspecting footwear. Isn't Anything was widely acclaimed, but it was improved upon with their 1991 follow-up Loveless.
Loveless shone bright pop melodies through dark, dense guitar noise and is commonly regarded as the finest example of shoegaze music. It was universally praised by critics and very popular with alternative rock fans, so much so that it has since been suggested as one of the greatest albums of the decade. After Loveless, MBV left Creation Records for Island, but never released anything else. While many consider Loveless to be impossible to follow, fans have always held out hope for a reunion. In late 2007, Shields announced that MBV would resume touring and were on course to release a new album sometime in 2008.