News
Modular Records dancing away millions
Modular Records (the label that dance bands like Cut Copy, Muscles, the Presets, New Young Pony Club, and the decidedly un-dancy Wolfmother and Jack Johnson call home) has reportedly posted losses of $5.9 million at the end of 2007. That’s not quite Sony/BMG numbers, but for a smaller label, that kind of money is astronomical.
The label’s head honcho, Steve Pavlovic said that he expects the losses to go down as newer records the label has put out (presumably Cut Copy’s) begin to start selling more copies.
Apparently this guy is unaware of illegal downloading. Banking on indie dance bands (and Wolfmother!) to get your label back in order is a risky bet that could easily blow up in his face. [Daily Telegraph]
- R.I.P. Whitney Houston, Who Has Died At Age ...
- Childish Gambino: 'Heartbeat' (Video) | Prefix
- Jay-Z, Beyonce Share Pictures Of Blue Ivy Carter ...
- Details Emerge Surrounding Whitney Houston's Death | Prefix
- Madonna: M.I.A.'s Middle-Finger Incident Was A 'Teenager, Irreleva ...
- Video: Lil Wayne Disses Jay-Z & Kanye West ...
- Video: Preview Dave Grohl's 'Sound City' Film | ...
- Tyler, The Creator Pictured Hanging With Kanye West ...
- Listen: Questlove's J Dilla Tribute Mix On Hot97 ...
- President Obama's New Spotify Playlist Features Wilco, Arcade ...
- Details Emerge Surrounding Whitney Houston's Death
- So Far To Go: The Legacy Of J Dilla
- Do Top-Selling Albums Always Get A Grammy Nod?
- Lambchop: Mr. M
- 2012 Grammy Awards: Predictions
- Watch Kanye West & Jay-Z's "Niggas In Paris" Video
- Watch: Chairlift & Kool A.D. Cover Beyonce's "Party"
- President Obama's New Spotify Playlist Features Wilco, Arcade Fire
- The Kills: "The Last Goodbye" (Live On Letterman) (Video)
- Grimes: "Genesis" (Ryan Hemsworth Remix)
- Big K.R.I.T. Delays '4evaNaDay'
- Ron Wood Could Have Joined Led Zeppelin, Allegedly
Didn't realize they were losing millions. Ouch.
yeah this is surprising
That's a shame. They're a good label.
very sad.. I wish the best as an artist, makes me freak out at the opportunity in the toilet if this label or another respected one goes into the toidy. I love their artists...
yeah
Not $42 million a quarter, but still a lot of money. Too bad.
too bad. any label that has Muscles is ok in my book.
it's not all that meets the eye, they're running a dodgy business, that Pav guy has already been bankrupt once, i'm sure in the 3 years of no travel the guy worked out a way to hustle the figures for his advantage. sad but true, modular are c**Ts
joshua
they're f*cked dude
one love
not many artists recoup from their first album, that happens once you get to your second and third albums. most of the artists on modular have only had one album.
madge
For More Headlines check out MODULARPEOPLE.COM
Modular
ha. modular's response: www.modularpeople.com
bane