My Bloody Valentine’s Kevin Shields has launched a new record label – but has streneously denied it will be used to release new material by the band.

Shields ( subject of an archive 1988 interview here) set up the new imprint, Pickpocket, with his close friend Charlotte Marionneau, initially to release an EP by her band Le Volume Courbe.

He explained that the London-based band were initially planning to put out the EP ‘Theodaurus Rex’ – with another label, however after Shields intervention but it will now be the first release for Pickpocket ”“ slated for November 14.

Shields revealed to The NME:

“I was like ‘I’ll just get rid of a few pedals that I’ve had lying around for ten years and we’ll start a label”

Although there are no plans to put out new material by My Bloody Valentine on the label, Shields confirmed he has been working on a new “guitar track”.

“It’s ten minutes of noise. We thought we could put it out as a 10-inch,” Marionneau said.

My Bloody Valentine haven’t released a studio album since 1991’s ‘Loveless’.

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Phil Newall is 47, from The Wirral - he earns his living not writing about music nor playing music...though sorely wishes he could. He was fortunate enough to see many of the first generation punk bands when they played the U18's matinee shows at Eric's, Liverpool. As an attendee at Eric's he was exposed to punk rock, dub reggae, art rock, and all manner of weirdness; as a customer at Probe Records he was variously served and scowled at by Pete Wylie and Pete Burns - he has written for Record Collector, Whisperin & Hollerin, and Spiral Scratch and wanted to write a book detailing the Liverpool punk scene; however with 'Head-On' Julian Cope beat him to it...and frankly did a much better job.

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