A magnetic recording and reproduction apparatus includes a main chassis having a rotatable head cylinder provided thereon; a sub chassis on which a tape cassette is mountable; and a plurality of tape pull-out members acting so as to pull out a tape from the tape cassette. The sub chassis is movable with respect to the main chassis between a tape cassette mountable position and a tape pull-out completion position, and the tape cassette mountable position is the position at which the tape cassette is mountable on the sub chassis and the tape pull-out completion position is the position at which information recording to, and information reproduction from, the tape which has been pulled out from the tape cassette and wound around the rotatable head cylinder can be performed. All the plurality of tape pull-out members are mounted on the sub chassis.