shainhouse Posted January 15, 2007 Report Share Posted January 15, 2007 (edited) and releases all of their artists.. a big blow to the music biz. "Billboard is reporting that V2 Records has laid off its staff and has decided to focus strictly on their back catalog. The label will retain the rights to its vast catalog, including platinum-selling releases from the White Stripes and Moby, but reportedly will not release new music from any of their artists.This affects -- and potentially contractually frees up -- a number of bands, including Sugarcult, the Blood Brothers, the Raconteurs, Gang Of Four, the Adored and dozens of others; most notably, it puts into question the status of the new Alkaline Trio album, as the band signed to the label last October and were slated to begin recording next month. When we hear more, we'll let you know.V2 was founded in 1996 by Richard Branson, who had previously founded then sold Virgin Records. In 2006, Branson sold the umbrella company V2 North America -- which, besides controlling V2 Records in the U.S., also owned, licensed and/or distributed records from numerous other labels -- to Sheridan Square Entertainment for $15 million. SSE made the decision yesterday to restructure V2 in such a way where its offices will move to Nashville and focus almost entirely on back catalog."www.altpress.com Edited January 15, 2007 by Guest Link to comment Share on other sites More sharing options...
MarcO Posted January 15, 2007 Report Share Posted January 15, 2007 who needs a major record label anymore anyway???the old major-heavy industry model is dying a little more every single day. Link to comment Share on other sites More sharing options...
Kanada Kev Posted January 15, 2007 Report Share Posted January 15, 2007 who needs a major record label anymore anyway???the old major-heavy industry model is dying a little more every single day.Branson probably sees the writing on the wall. Good for him for getting off the sinking ship that is the major-heavy industry model that you mention.Later . . . Kanada Kev =8) Link to comment Share on other sites More sharing options...
AD Posted January 15, 2007 Report Share Posted January 15, 2007 i'll sign Gang of Four and release the new Alkaline Trio.... Link to comment Share on other sites More sharing options...
zero Posted January 15, 2007 Report Share Posted January 15, 2007 I let out a giant haha for the meligrove band. Fookin' twats. Link to comment Share on other sites More sharing options...
shainhouse Posted January 15, 2007 Author Report Share Posted January 15, 2007 I'll take the Cold War Kids and Josh Ritter thank you very much. Link to comment Share on other sites More sharing options...
dave-O Posted January 16, 2007 Report Share Posted January 16, 2007 I let out a giant haha for the meligrove band. Fookin' twats.haha funny, that was my first thought too. Link to comment Share on other sites More sharing options...
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