Alice Cooper recorded under their banner … as did Mӧtorhead, Whitesnake, Blackmore’s Night and UFO.
But now it’s been learned that the German record label SPV (the home of many hard rock and metal bands) has just filed for insolvency.
According to the Billboard report, Manfred Schütz,, the label’s managing partner, decided to submit an application to commence insolvency proceedings on May 25 (it’s like Chapter 11 bankruptcy protection here in the states).
But there’s still good news: “Normal business will continue even after the application for insolvency,” Schütz is quoted as saying.
Everything — from pre-to-post production to sales and promotions — will continue as it normally does.
The purpose of the insolvency (now in progress) is to make it possible for the label to continue while working on a restructuring plan.
But there are other recording companies interested in buying SPV, though no names have been mentioned yet.
TONIGHT SHOW FINALE?
Make no mistake about it: When Jay Leno leaves the Tonight Show … well, tonight …, he’s gonna leave a bag of mixed feelings behind.
Some are gonna shed a few tears, remembering his ebullient nature, occasionally ribald jokes and, of course, that famous chin. But there’s also gonna be a bit of comfort in knowing that he will be back this Fall — albeit in an earlier time slot.
Personally, I think it could possibly be (as said in the subtitle up there) the finale of the show-that-Carson-built, at least in the long run.
Now, don’t get me wrong: Leno’s successor, Conan O’Brien, is one of the best improv comedians in the world. But will his zany, cartoon-like character actually fit in with the show’s legendary format?
I know … Craig Ferguson does it, and he’s wildly popular. But, then again, the show was built around him, having some serious rating troubles under Craig Kilborn’s hosting.
Here, you have a long-time standard, though. From the days when Steve Allen and Jack Paar hosted it through today, they’ve been somewhat formulaic — and, over the years, viewers have learned to expect that.
Maybe Conan will adapt — who knows? But, if he doesn’t, the only thing that’ll keep the show strong (in my opinion) is a gradual ease into the same style he used on his former late-night show (now hosted by Jimmy Fallon).
Nonetheless, as we bid Jay a fond “farewell” from the show, we wish Conan the best …