The Hanover-based record label SPV GmbH, whose well-being has been speculated about for some time, has now had to announce its bankruptcy. Records, Production and Distribution, as the full name goes, is the independent market leader in the music segments of Rock and Heavy Metal and has bands like Dropkick Murphys, Sepultura, and Bad Religion under contract. The company also includes the record labels SPV Recordings, Snake, Steamhammer, Synthetic Symphony, Oblivion, and Audiopharm.
According to Managing Director Manfred Schütz, this does not mean that the lights will go out for the 25th anniversary, but rather an attempt will be made to enable the continuation of SPV through a restructuring concept to secure as many jobs as possible. Perhaps it will also be possible to persuade the federal government to contribute a few million during these difficult economic times.
According to Managing Director Manfred Schütz, this does not mean that the lights will go out for the 25th anniversary, but rather an attempt will be made to enable the continuation of SPV through a restructuring concept to secure as many jobs as possible. Perhaps it will also be possible to persuade the federal government to contribute a few million during these difficult economic times.
