They couldn't have a yard sale?
blacknapkins
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Bankrupt Pressing Plant Chucks Matador Vinyl Masters
By Rachel Dovey
on April 27, 2009 4:00 PM
Matador Records has just disclosed a bit of distressing news, announcing that most of its vinyl masters no longer exist after one of the label's pressing plants, 33 1/3, went bankrupt and tossed all its records. "Nothing was recovered from 33 1/3," said director of production Jesper Eklow. "We lost everything."
The losses aren't inconsiderable: According to Elkow, "everything" means "pretty much everything up to May 2006." This includes Mogwai's Happy Songs for Happy People, Yo La Tengo's Painful and Cat Power's The Covers Record, among many, many others.
Matador had been hoping to capitalize on the vinyl craze that's swept the music biz lately, reissuing a number of titles in response to an 89% vinyl sales spike in 2008. But the cost of re-mastering the pre-2006 releases from scratch might outweigh any profits the label would eventually see from the vinyl. For now, they're unsure what their next move will be.
Bankrupt Pressing Plant Chucks Matador Vinyl Masters
By Rachel Dovey
on April 27, 2009 4:00 PM
Matador Records has just disclosed a bit of distressing news, announcing that most of its vinyl masters no longer exist after one of the label's pressing plants, 33 1/3, went bankrupt and tossed all its records. "Nothing was recovered from 33 1/3," said director of production Jesper Eklow. "We lost everything."
The losses aren't inconsiderable: According to Elkow, "everything" means "pretty much everything up to May 2006." This includes Mogwai's Happy Songs for Happy People, Yo La Tengo's Painful and Cat Power's The Covers Record, among many, many others.
Matador had been hoping to capitalize on the vinyl craze that's swept the music biz lately, reissuing a number of titles in response to an 89% vinyl sales spike in 2008. But the cost of re-mastering the pre-2006 releases from scratch might outweigh any profits the label would eventually see from the vinyl. For now, they're unsure what their next move will be.
"Information is not knowledge.
Knowledge is not wisdom.
Wisdom is not truth.
Truth is not beauty.
Beauty is not love.
Love is not music.
Music is the best."
~ FZ ~
Knowledge is not wisdom.
Wisdom is not truth.
Truth is not beauty.
Beauty is not love.
Love is not music.
Music is the best."
~ FZ ~
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