German metal label SPV has released a statement about their insolvency (aka bankruptcy). The label is saying that it’s business as usual, with SPV managing partner Manfred Schutz telling trade magazine MusicWoche “we keep on doing business across all segments of our portfolio.” But while they’re doing that, they’re scrambling for investors. Edel, Warner Music, [...]
Thursday, May 28, 2009
German label SPV, home to many excellent bands including Kreator, Motorhead and Saxon, has declared itself insolvent, the German equivalent of filing for Chapter 11 bankruptcy protection in the US. Billboard.biz reports that managing partner Manfred Schutz and court-appointed attorney Richard Sack will continue to run the company as-is, even after the application. That could be [...]
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Friday, July 10, 2009
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