Farewell Hydra Head

11 Sep

Announced via Twitter

As we breathe a sigh of relief in what seems to be somewhat of a bounce-back for music merchants there are still casualties in the industry of music, and today Hydra Head–a label that has been home to the likes of Sunn O))), Boris, Isis and Botch–is added to the casualty report. Aaron Turner, founder of Hydra Head and frontman of Isis released a heartfelt (and clear) response in which he explains they’ve been “running on empty for a while” and it was not a decision made lightly. He also explains that though come December they will only be maintaining a back catalog, that they hold out hopes to follow through with scheduled releases and not default on any debt (which he claims is “sizable”). To help them bring all of these debts to a zero balance (this includes debts to artists) they will be “initiating a massive sell-off of everything” from discounted bundles of classics to test pressings. If you’d like to contribute to their cause and get something truly special for your contribution, you can do so through their webstore (which appears to be down right now). Over the next 6-12 months items will be added to the store, some of which are sure to be rare and never before offered for sale.

Here’s a snippet of Turner’s announcement.

The simple fact of the matter is we’ve been running on empty for a while now and cannot afford to keep our doors open for much longer. Years of imbalance between creative ideals and financial realities, personal problems amongst the label operators, an unwillingness to compromise our aesthetic standards, a tendency towards releasing challenging (i.e. unmarketable) artists, and the steady decline of the music industry in general, are amongst the chief reasons for our inability to continue. It is a harsh but undeniable reality, and one which we are attempting to confront with as much integrity and grace as is afforded by the circumstances.

Read the full announcement from Hydra Head here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: