UK indie labels in trouble after stock burned by rioters
With thousands of records and CD’s in the warehouse the labels lost lots of stock – which is a hell of a body blow in the middle of the recession, and the ongoing downloading problems the music scene faces. The last few years have been a nightmare for the record labels with a crash in sales after pirating of music swept across the scene, and the loss of large amounts of remaining stock could tip several labels into bankruptcy and make it even more difficult for alternative music to be heard.
The last few years have been tough for the smaller labels with the advent of the internet pirates and the recession and this fire could have tipped many labels into bankruptcy.
Will this ‘bovver’ the rioters? doubt it, even if they liked this music they would be nicking it for free off the internet anyway…