Wednesday, June 3, 2009

SPV goes into insolvency

The economic woes of the world have now made a huge affect on the metal and rock world. SPV, the German record label has gone into insolvency – essentially, bankrupt.
The bands affected include Motorhead, Sepultura, Helloween, Kreator, UFO, Manowar. But, as the blabbermouth report says the label will continue but for how long? Hypothetically, the label completely collapses, what will happen to said bands? .

The affects will be different for each band; some won’t have a problem getting signed by another label. Motorhead will be snapped up because well, they’re Motorhead.
Kreator have proved their worth as thrash legends and that they have some staying power. This year’s Hordes Of Chaos proved this, if a label turned down Kreator they’re idiots. I think Helloween will be ok too.

Now, the wildcard is Sepultura. The last thirteen years have been more or less dreary despite a few positive moments. The last few albums have only added to their decline especially since the departure of Igor. A-Lex, released in January, was a very lacklustre effort igniting no interest. The name Sepultura will forever be associated with Beneath The Remains, Chaos AD etc. etc.
As long as this incarnation exists in this state I don’t think a label as big as SPV will jump on them, and I certainly don’t think Roadrunner will be too keen either. But, then again they could get picked up by the likes of Metal Blade, Prosthetic, Ferret etc. They’ll still sell some records but not as much as they have before. And will they really market them the same way as say Kreator or Motorhead? So, what I’m trying to say is that Sepultura could decline further and further, if so it could be disastrous for them because let’s face it – do people really still care about Sepultura?

SPV potentially falling apart would be so detrimental to new, young, pretty much unknown bands. Will they have another label to get signed by? We’ll have to wait and see.
The label going out of business would leave somewhat of a hole in rock and metal. Granted, they weren’t as pivotal as other labels but still brought some great bands to the forefront.

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