A magnetic recording and reproduction apparatus includes a rotatable head cylinder for recording information to, and/or reproducing information from, a magnetic tape; a tape pull-out member for pulling out the magnetic tape; and a guide member for guiding the tape pull-out member. The tape pull-out member is engaged with a groove formed in the guide member. The tape pull-out member is movable between a first position and a second position along the groove. The first position is a position at which information recording to, and information reproduction from, the magnetic tape is possible. The second position is a position at which information recording to, and information reproduction from, the magnetic tape is impossible. The rotatable head cylinder is provided on a cylinder holding member integrally formed with the guide member. A profile of the groove is continuous with no gap.