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Brainchild
Average Member
United Kingdom
193 posts
Joined: Sep, 2006
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 Posted - 2008/08/29 : 12:36:40
Here we go again, yet another independent music company has gone into administration. And like Resist Music earlier this year they too were responsible for two different album series in happy hardcore: True Hardcore and Hardcore Adrenaline.
The question is, how many others are in the same financial difficulty? Although AATW has just picked up Hardcore Til I Die and Bonkers, doesn't mean to say that they're any better off.
Everyone's CD sales are falling.
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redwingz
Advanced Member
United Kingdom
2,483 posts
Joined: Jan, 2005
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Posted - 2008/08/29 : 12:46:44
The label in question is GUT recordings, i already posted about this on hp.org:
Hardcore Underground and Bonkers are the best compilations out there atm. Hardcore adrenaline was absolutely shocking!!!! The Stu Allan discs were crap and the bootleg discs were a waste of time, meaning you were paying £13 for a DJ Seduction mix.....no thanks!
HU2 is my favorite compilation of all time.
The problem with these labels at the minute is that they are obviously not being run proper, they are paying people top whack and not selling enough copies. Hardcore is not a genre of music that you will make millions off. I should add though, that react, resist, and Gut probably didnt just make hardcore CDs, they probably do other genres so i doubt its a reflection on hardcore.
I dont think people need to worry, there is always fresh compilations coming out, Bonkers is still here, HU is going stronger than ever, Hardcore nation: Next gen came out and is wicked, HTID is there, Crush on Hardcore, Hardcore Addiction has just come out!
I think Crush on Hardcore as mentioned above is fantastic, as it gives a voice to the true underground who dont have the money that AATW do to make a c.d.
Ive recently started NSR Records as many of you will know, and we plan to release a full length unmixed CD format Compilation at the end of the year, full of slammin underground material. (I can confirm that one of the tracks was featured on Crush on Hardcore 2)
Who knows, with all these labels going bust, may be its upto the likes of NSR to step up, make these underground CDs and bring hardcore away from the cheesecore that its starting to resemble. I can assure you that the forthcoming CD release will be wicked! Crush on Hardcore will always be about and HU is wicked to. Its gonna be a top year for the underground
http://www.nsrrecords.co.uk
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Audioshift
http://www.trackitdown.net/recordlabel/111477/nsr-records.html
http://www.nsrrecords.co.uk
http://www.imodownload.com/NSR-Records
http://www.junodownload.com/labels/NSR
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bulby_g
Advanced Member
United Kingdom
7,205 posts
Joined: Apr, 2004
430 hardcore releases
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Posted - 2008/08/29 : 13:21:44
Hopefully that's an end to those two shocking albums then. Bad for the artists involved though, obviously.
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www.myspace.com/bulbyg
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Torpex
Advanced Member
Poland
824 posts
Joined: Nov, 2005
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Posted - 2008/08/29 : 13:29:08
No offence Redwingz, but I think you're out of line here. How are these companies OBVIOUSLY not being run proper? I assume you don't really have any more info on this issue than most of us do. Going bankrupt is not always caused by bad management, there are dozens of factors influencing a company on the market and not all of them are under its control. So please don't make judgements you have no real basis for.
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redwingz
Advanced Member
United Kingdom
2,483 posts
Joined: Jan, 2005
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Posted - 2008/08/29 : 13:55:37
quote:
Originally posted by Torpex:
No offence Redwingz, but I think you're out of line here. How are these companies OBVIOUSLY not being run proper? I assume you don't really have any more info on this issue than most of us do. Going bankrupt is not always caused by bad management, there are dozens of factors influencing a company on the market and not all of them are under its control. So please don't make judgements you have no real basis for.
I understand what you are saying, and you are right I dont have any more info. But it seems that resist, react, amato and now Gut all going bankrupt, something is a miss. If they are going bankrupt its obviously because their outgoings are more than their incomings. This must mean they are spending to much on either wages, artwork, DJs, music right, distribution, promo, or all of the above.
Labels as big as them should be able to make an informed estimate of how many copies of an album they will sell (especially as HA and TH were series and not one offs) on this they should then be able to work out how much they will make and see what their budget is for a cd release.
CDJay has said that they massively overspent on making HU1 but that he got it right with HU2, so fair enough, he learnt from it and we are all now awaiting HU3. The other labels musnt be learning, Im sorry if you think its harsh, but they are companies out to make money. HA and TH both had T.V adverts, Im not being funny but IMO the only compilations worthy of TV advertising is bonkers or the AATW selection, because they have a reputation. Hardcore Adrenaline was a compilation that not even loads of hardcore fans would go near!
Something is obviously wrong, maybe the DJs and producers are demanding too much money from the labels, if thats the case, find other producers or cut costs elsewhere instead of advertising on TV etc.
IMO they take a gamble, its like a football club that gets promoted to the Premiership, spends £30 million on players. If they stay up, its paid off and they survive, if they go down, its financial ruin. To me this is what labels are doing, but they are not selling enough copies of their albums because the world is bogged down with hardcore compilations at the minute. So what made HA and TH so special that would make people not buy HU, CXH4, HTID, Bonkers 17, Hardcore nation, Hardcore addiction, the list goes on.
Sorry if it sounds like im having a go, i dont mean to insult anyone, its just opinion and thats what this forum is for....to voice opinion
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Audioshift
http://www.trackitdown.net/recordlabel/111477/nsr-records.html
http://www.nsrrecords.co.uk
http://www.imodownload.com/NSR-Records
http://www.junodownload.com/labels/NSR
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The Doc
Advanced Member
United Kingdom
2,718 posts
Joined: Jan, 2006
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Posted - 2008/08/30 : 01:56:45
I remember posting early last year about finding the first Hardcore Adrenaline release date ect! and nobody new who GUT were! Basically they released lots of albums mainly nothing to do with hardcore music! Its been the same since! same as Resist! (it was the hardcore albums that made them a bit of money) I think all the GUT hardcore albums they've released have hit top 10 in the comps charts! and have had advertising! the company has gone bust but not because they've released hardcore albums, because they've tried to much on other albums! the reason AATW (clubland) and MOS make money is because they know what to do and when to do it! Have you noticed a new Helter Skelter album coming out ? No! because Slipmatt and BDB are releasing 2 cheap albums in September!
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Rock you in your face! stab your brain with your nose bone!
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TypeR
Advanced Member
Unknown
2,633 posts
Joined: Feb, 2003
55 hardcore releases
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Posted - 2008/08/30 : 02:24:19
going bankrupt isn't always a bad thing either. it is another way of keeping the feds from seizing all of your finances and giving them away to creditors at rates that are way higher than they should be. going bankrupt also makes it so that you are not able to borrow against your company name anymore and releases you from debt accrued.
most of the time it's because the entity wants out of business to begin with and it's the quick and easy way out. once your bankruptcy is discharged you start over all new again. but you can only do it once every seven years. do it again and you may go to prison.
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All Your Bass Are Belong To Us
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warped_candykid
Advanced Member
United States
4,003 posts
Joined: Jan, 2004
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Posted - 2008/08/30 : 04:54:54
Now now, lets all hold hands and sing:
Come take my hand, and lead to the land
Where dreams come true for me and you
in a magical wonderland!
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silver
Admin
Japan
12,579 posts
Joined: Feb, 2001
894 hardcore releases
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Posted - 2008/08/30 : 05:33:37
I love how news gets released from HappyHardcore.com and then makes it to other sites only to be posted again a few days later here! Please read the news page!
quote:
Originally posted by BobbyRitalin:
going bankrupt isn't always a bad thing either. it is another way of keeping the feds from seizing all of your finances and giving them away to creditors at rates that are way higher than they should be. going bankrupt also makes it so that you are not able to borrow against your company name anymore and releases you from debt accrued.
Except in this case the creditor are hardcore artists!
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Triquatra
Moderator
United Kingdom
12,640 posts
Joined: Nov, 2003
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Posted - 2008/08/30 : 06:50:07
space were signed to gut for two of their albums back in the 90's :D
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BEE TRAX ALBUM
TRIQUATRA
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TypeR
Advanced Member
Unknown
2,633 posts
Joined: Feb, 2003
55 hardcore releases
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Posted - 2008/08/30 : 08:50:05
quote:
Originally posted by silver:
I love how news gets released from HappyHardcore.com and then makes it to other sites only to be posted again a few days later here! Please read the news page!
quote:
Originally posted by BobbyRitalin:
going bankrupt isn't always a bad thing either. it is another way of keeping the feds from seizing all of your finances and giving them away to creditors at rates that are way higher than they should be. going bankrupt also makes it so that you are not able to borrow against your company name anymore and releases you from debt accrued.
Except in this case the creditor are hardcore artists!
this is also a true statement, i was however stating it in a business sense in the united states. i'm not sure how bankruptcy protection filing works in other countries.
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All Your Bass Are Belong To Us
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kathryn
Advanced Member
United Kingdom
6,520 posts
Joined: Apr, 2005
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Posted - 2008/08/31 : 10:01:16
Why do companies like these go into administaration?
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:)
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TypeR
Advanced Member
Unknown
2,633 posts
Joined: Feb, 2003
55 hardcore releases
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Posted - 2008/08/31 : 22:23:53
because they began paying more then they were making.
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All Your Bass Are Belong To Us
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redwingz
Advanced Member
United Kingdom
2,483 posts
Joined: Jan, 2005
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Posted - 2008/09/01 : 09:53:58
Yeah the creditors that lend a company money say enough is enough we aint gunna get our money back. The company cannot carry on trading because they have zero money, a group of administratoirs come in and take control of the company and either put together a CVA where the creditors will agree to receive say 10p in the £1 of what they are owed or the company will go into liquidation and all its assets will be sold off to pay the creditors, that is unless someone buys the company.
If you rang the administrators in charge of GUT you could probably but the company for £1, but you would also aquire all the debts and that would then be your responsibility
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Audioshift
http://www.trackitdown.net/recordlabel/111477/nsr-records.html
http://www.nsrrecords.co.uk
http://www.imodownload.com/NSR-Records
http://www.junodownload.com/labels/NSR
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