The music-biz gossip board The Velvet Rope reprinted an intriguing “for sale” listing from Inc. magazine: Apparently, an Illinois-based record label–one that “records and promotes new recordings from established, well known artists as well as purchases existing music catalogs”–is on the block for $7 million. The ad doesn’t specify which label is up for grabs, but the consensus seems to be that it’s Victory Records, the controversial punk-hardcore-emo haven that’s recently experienced legal scuffles with bands Thursday and Hawthorne Heights. If so, we’re a little surprised that the label’s annual sales are listed as a mere $15 million, as we assumed that straight-edge kids were still putting their babysitting money into the Snapcase back-catalog. Anyway, the listing’s after the click-through; you might want to read it quickly, as someone is clearly not happy about the “Victory for sale?” rumors circulating on the web.
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Music Recording Company – Illinois
Seeking working capitol of $7 MM, the company records and promotes new recordings from established, well known artists as well as purchases existing music catalogs.
Asking: $7 MM
Annual Sales: $15 MM
Contact: [Redacted] – EBIT Associates LTD