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.
And as always, if you’ve got any further info, drop us a line at firstname.lastname@example.org.
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