Extended Play. A type of 7″ phonograph record, usually played at 33 rpm, allowing two songs to be cut on each side for a total recording time of up to 7 minutes. Also a 10″ or 12″ album with between three and seven songs. EPs are intended to sell at less than album prices and are a way of establishing new artists without requiring record buyers to pay full LP prices.
(2) Also, Executive Producer.