30.7.07

Sympathy for sale

SFRI


Irreverent, huh? This is the image you get when you go to Sympathy for the Record Industry's website, along with a message saying "somewere a glory remains unseen...", one of the sentences that got known along with this record label, along with others like "We almost really care", "Is a force this powerful going to be overlooked by an industry that needs all the Sympathy it can get" or "You've tried the rest now go f*ck yourself". Yes, Sympathy for the Record Industry is a record label, but not just that, it is a record label that, since its conception, tells you that "the record industry is a complete fuck up", and so it does things differently. When I say "it does" I really should say "he does": SFRI is a one-man-only record label, created and run by Long Gone John, and while the label is cool enough to really care about artists and music fans, and doing things like doing business only on a handshake only basis, and releasing all its stuff without a single UPC, don't just think that this isn't a "real label" (whatever that is): not only it was voted best record label "2006" by venus magazine, but also have launched bands like Hole, The White Stripes, Turbonegro, Rocket from the Crypt, The 5,6,7,8 or Scarling..

Thing is, now with 19 years, this record label is up for sale. Using Long Gone's words, the price is "$625,000.00 or $700,000.00 if i don't like you", but, besides everything else, buying the record label includes "existing stock modestly estimated at a wholesale value of 1.8 millon dollars". Unfortunately this is a quite atractive deal for those wanting to invest in this business, and do quick cash out of it: mainly for other labels wanting to expand their business, this is a great deal. Unfortunately, because that probably will be the death of SFRI as well.

SFRI: Rock and Roll