Sad (and belated) news….
I don’t like reading things like this, though in a sort of backhanded, selfish manner, I feel as though this is a personal decision on the part of the label head as much as it is symptomatic of our current musical climate. Meaning, if it were entirely a result of the state of things at the moment, the overall impact would be even more troubling, if you get my drift. Still, these are only assumptions I’ve gained from reading this blog post, and a way to spin some string of optimism from otherwise negative news.
Post copied (from hydraheadlines.blogspot.com) below…
Tuesday, September 11, 2012
For the short term we will continue to operate as we have been, effecting our first step into shutdown this December, at which point we are cutting off new releases from the label. Thereafter, we will be remain operational only in the interest of maintaining our back catalog, with the ultimate aim of repaying our rather sizable debts. Grim though this prospect is, in the midst of it all I still feel an extreme gratitude for everything that has happened and for all the wonderful people with which we’ve been involved over the years. We’ve been lucky enough to work with some of the most unique and provocative artists of the last two decades, many of which have made indelible impressions in the underground, and by extension the larger world of music in general. We’ve also been fortunate to have had the support of a small but loyal following, who’ve constituted the very essence of our life force. We would like to take this opportunity to express our gratitude and love to each and every person who contributed to making this label what it is – all the artists who entrusted us as the custodians of their work, all the people that bought or listened to our releases, and all the people who performed the various label duties at various offices (and houses) across the continent.
…and this brings us to the present moment, where in all honesty we are in need of financial assistance from anyone and everyone who’s willing to throw us a rope. Though it is highly unlikely we’ll be able to resuscitate the label, we do wish to follow through on the final round of releases to which we’re committed and pay off our debts to our artists and manufacturers. In order to do this we are initiating a massive sell-off of everything we can dig up and produce for the next 6-12 months. This will include discounted bundles of CDs/LPs/posters/etc, represses of certain titles for which we still have parts, test pressings, and whatever worthwhile items we can pull together. For anyone that is able and willing to fund our funereal arrangements please visit our direct mailorder or webstore and pick up whatever you can. Any and all support is greatly appreciated by our remaining team, and will be put to the best use possible.
There is no way to sum up nearly 20 years of incredibly important music, experiences, and evolution other than to say a big heart felt “thank you”, and that we hope this closing will provide an opening into other even more positive and rewarding experiences for all of us and all of you who have been a part of our shared experience. For now we bid you all a very fond farewell….