Geffen Records: Shutdown Imminent

Moshe · 12.12.2007, 01:51 PM

Geffen Records: Shutdown Imminent

December 12th, 2007 | by Aidan Williamson
Sources close to record label Geffen are suggesting that the company is facing huge layoffs at the end of the year which will be followed by a shut-down of operations.
Geffen, which has featured artists such as Beck, The Cure, Nirvana, Rise Against, Sonic Youth, and Weezer on their roster is allegedly undergoing a ‘reanalysis’ of it’s status under the Universal Music banner.
While some sources within the organisation point to a complete wind-up of the label, others point to the far more likely scenario that the brand name will be maintained by releasing certain releases and artists under the “Geffen” imprint. The functionality of the actual inner-workings of the label will be shifted elsewhere, perhaps being merged into the main wing of Universal.
“Geffen would be shuttered in the way that labels like that get shuttered.” the source concluded.

nicfit · 12.12.2007, 02:02 PM

SEEEEEE? SEE WHAT HAPPENS WHEN YOU DOWNLOAD SY RECORDS INSTEAD OF BUYING THEM????

no, it's not funny actually, I guess a number of people will end up unemployed...

....

scott v · 12.12.2007, 02:48 PM

uh well i don't download SY records and I do buy them but i also don't necessarily agree with your thinking... Alot of labels are still surviving and actually making a profit in this day and age, the story about Geffen is no surprise, this has been going on for that label for years now. Like any business if it cannot market itself and make margins/profits or whatnot then they are the ones should take alot of the fault, not 100% but the upper management at Geffen must take the majority of the responsibility for what is happening as they must have made some poor decisions in the past and recent past for them to be in this current position. And actually since Universal owns Geffen, I could see Universal putting pressure on Geffen to make these sort of decisions to make a bottom line... sad but this is the story of corporate america and the current economy situation in this country and the world for that matter.

screamingskull · 12.12.2007, 02:52 PM

awww

nicfit · 12.12.2007, 02:56 PM

Quote:

Originally Posted by scott v

uh well i don't download SY records and I do buy them but i also don't necessarily agree with your thinking...

I was just kidding, actually

, a lame attempt at being funny exploiting the "usual" downloading-will-kill-music-industry theme.

uhler · 12.12.2007, 03:09 PM

finally

tesla69 · 12.12.2007, 04:16 PM

Once Geffen himself split its never been the same-

so where is their dumpster? I want to be there when they are cleaning out offices...

Rob Instigator · 12.12.2007, 05:17 PM

what good acts has geffen put out in the past ten years? besides boutique bands like sonic youth?

fuck Universal Music

atsonicpark · 12.12.2007, 05:20 PM

Too bad, so sad. I'm sick of modern art.

Rob Instigator · 12.12.2007, 05:34 PM

modern art makes me want to rock out

✌➬ · 12.12.2007, 05:40 PM

We can all blame Courtney Love for not releasing The Year Punk Broke.

Rob Instigator · 12.12.2007, 05:41 PM

the year punk broke will now be in legal limbo forever, until courtney cunt love can figure out a way to make money off of her dead husband's footage

✌➬ · 12.12.2007, 05:42 PM

Isn't she already doing that? When is the next unreleased material coming out?

dazedcola · 12.12.2007, 08:02 PM

This sounds like a pre-cursor to the announcement that SY are "let go" from geffen's roster

Washing Machine · 12.12.2007, 08:50 PM

Tony Platt (Producer; Bob Marley, AC/DC, Boomtown Rats, Iron Madian) recently visited my university to do a talk, and he was of the opinion that the main purpose of the huge record companies in the future will be to act as distribution networks. He went on to say that he thinks its a great time to be working in independent music as the labels are finding it ever more difficult to adapt to the internet age. The majors are running scared and often appear to be fighting the tide. On The other hand the more internet savvy small labels are actually making the internet work as a positive tool for them.

SYRFox · 12.13.2007, 06:42 AM

Quote:

Originally Posted by Rob Instigator

modern art makes me want to rock out

Wow, there's something amazing about that blue

PAULYBEE2656 · 12.13.2007, 10:08 AM

shame, and now we will never see the year punk broke as universal owns the rights and has them all in storage for the last 3 years! the courtney thing was resolved in court i believe a while back.... this blows. people losing jobs blows big time.....

12.12.2007, 01:51 PM	#1
Moshe Super Moderator Join Date: Mar 2006 Posts: 5,894	Geffen Records: Shutdown Imminent December 12th, 2007 \| by Aidan Williamson Sources close to record label Geffen are suggesting that the company is facing huge layoffs at the end of the year which will be followed by a shut-down of operations. Geffen, which has featured artists such as Beck, The Cure, Nirvana, Rise Against, Sonic Youth, and Weezer on their roster is allegedly undergoing a ‘reanalysis’ of it’s status under the Universal Music banner. While some sources within the organisation point to a complete wind-up of the label, others point to the far more likely scenario that the brand name will be maintained by releasing certain releases and artists under the “Geffen” imprint. The functionality of the actual inner-workings of the label will be shifted elsewhere, perhaps being merged into the main wing of Universal. “Geffen would be shuttered in the way that labels like that get shuttered.” the source concluded.
	\|QUOTE AND REPLY\|

12.12.2007, 02:02 PM	#2
nicfit invito al cielo Join Date: Mar 2006 Location: banana boat Posts: 15,570	SEEEEEE? SEE WHAT HAPPENS WHEN YOU DOWNLOAD SY RECORDS INSTEAD OF BUYING THEM???? no, it's not funny actually, I guess a number of people will end up unemployed... .... __________________ 11:11 11-11-11 I Ascended.
	\|QUOTE AND REPLY\|

12.12.2007, 02:48 PM	#3
scott v expwy. to yr skull Join Date: Mar 2006 Location: Buffalo, NY Posts: 1,484	uh well i don't download SY records and I do buy them but i also don't necessarily agree with your thinking... Alot of labels are still surviving and actually making a profit in this day and age, the story about Geffen is no surprise, this has been going on for that label for years now. Like any business if it cannot market itself and make margins/profits or whatnot then they are the ones should take alot of the fault, not 100% but the upper management at Geffen must take the majority of the responsibility for what is happening as they must have made some poor decisions in the past and recent past for them to be in this current position. And actually since Universal owns Geffen, I could see Universal putting pressure on Geffen to make these sort of decisions to make a bottom line... sad but this is the story of corporate america and the current economy situation in this country and the world for that matter.
	\|QUOTE AND REPLY\|

12.12.2007, 02:52 PM	#4
screamingskull invito al cielo Join Date: Mar 2006 Location: england Posts: 5,580	awww
	\|QUOTE AND REPLY\|

12.12.2007, 03:09 PM	#6
uhler invito al cielo Join Date: Nov 2007 Location: Brooklyn Posts: 3,615	finally
	\|QUOTE AND REPLY\|

12.12.2007, 04:16 PM	#7
tesla69 Banned Join Date: Oct 2006 Location: NYC Posts: 4,055	Once Geffen himself split its never been the same- so where is their dumpster? I want to be there when they are cleaning out offices...
	\|QUOTE AND REPLY\|

12.12.2007, 05:17 PM	#8
Rob Instigator invito al cielo Join Date: Mar 2006 Location: In the land of the Instigator Posts: 27,975	what good acts has geffen put out in the past ten years? besides boutique bands like sonic youth? fuck Universal Music __________________ RXTT's Intellectual Journey - my new blog where I talk about all the books I read.
	\|QUOTE AND REPLY\|

12.12.2007, 05:20 PM	#9
atsonicpark invito al cielo Join Date: Apr 2006 Posts: 28,843	Too bad, so sad. I'm sick of modern art. __________________
	\|QUOTE AND REPLY\|

12.12.2007, 05:34 PM	#10
Rob Instigator invito al cielo Join Date: Mar 2006 Location: In the land of the Instigator Posts: 27,975	modern art makes me want to rock out __________________ RXTT's Intellectual Journey - my new blog where I talk about all the books I read.
	\|QUOTE AND REPLY\|

12.12.2007, 05:40 PM	#11
✌➬ invito al cielo Join Date: Dec 2007 Location: ιλ Posts: 5,754	We can all blame Courtney Love for not releasing The Year Punk Broke.
	\|QUOTE AND REPLY\|

12.12.2007, 05:41 PM	#12
Rob Instigator invito al cielo Join Date: Mar 2006 Location: In the land of the Instigator Posts: 27,975	the year punk broke will now be in legal limbo forever, until courtney cunt love can figure out a way to make money off of her dead husband's footage __________________ RXTT's Intellectual Journey - my new blog where I talk about all the books I read.
	\|QUOTE AND REPLY\|

12.12.2007, 05:42 PM	#13
✌➬ invito al cielo Join Date: Dec 2007 Location: ιλ Posts: 5,754	Isn't she already doing that? When is the next unreleased material coming out?
	\|QUOTE AND REPLY\|

12.12.2007, 08:02 PM	#14
dazedcola the end of the ugly Join Date: Mar 2006 Posts: 1,075	This sounds like a pre-cursor to the announcement that SY are "let go" from geffen's roster __________________ "I said I didnt mean to take up all your sweet time Ill give it right back one of these days If I dont meet you no more in this world then uh Ill meet ya on the next one And dont be late " -Jimi Hendrix ...And me just another dream theory, lost inside your eye "when my mind's uncertain my body decides what it will do to get through the hell of the night as I trip on the ocean that leads through your eyes well my eyes can't wait til they finally see through you"
	\|QUOTE AND REPLY\|

12.12.2007, 08:50 PM	#15
Washing Machine expwy. to yr skull Join Date: Apr 2006 Location: Cardiff, Spiderland Posts: 1,465	Tony Platt (Producer; Bob Marley, AC/DC, Boomtown Rats, Iron Madian) recently visited my university to do a talk, and he was of the opinion that the main purpose of the huge record companies in the future will be to act as distribution networks. He went on to say that he thinks its a great time to be working in independent music as the labels are finding it ever more difficult to adapt to the internet age. The majors are running scared and often appear to be fighting the tide. On The other hand the more internet savvy small labels are actually making the internet work as a positive tool for them. __________________ ....Of Course its some kinda cosmic payback for being too ironic!
	\|QUOTE AND REPLY\|

12.13.2007, 10:08 AM	#17
PAULYBEE2656 invito al cielo Join Date: Mar 2006 Location: wexford, rep of ireland Posts: 6,930	shame, and now we will never see the year punk broke as universal owns the rights and has them all in storage for the last 3 years! the courtney thing was resolved in court i believe a while back.... this blows. people losing jobs blows big time..... __________________ myspace facebook *twitter*
	\|QUOTE AND REPLY\|