Contributed by an Anonymous Source. Posted by adam on Friday, July 20, 2007 at 11:00 PM (EDT)
Sympathy for the Record Industry is up for sale. Label owner Long Gone John has put the influential 18 year old Long Beach based label up for sale. He's offering the label's entire set of assets, including master tapes all existing stock, distribution deals, website and mail order business for the low price of $650,000 (or $700,000 if he doesn't like you). The label's catalog includes over 750 releases from 550 artists including the first records from the White Stripes and Hole, as well as work from the Muffs, the (International) Noise Conspiracy, Rocket From the Crypt, Suicide, the Dwarves, New Bomb Turks, the Von Bondies, and Man or Astro-man?.
John spoke with The Daily Swarm about the sale, "I am serious. I wrote the notice quite a while ago and thought about putting it on eBay but never got around to it. The record industry has been complete shit for quite awhile and this morning I was looking at it again and decided it was time. I want to solicit real interest." FOR SALE Preeminent Independent Record Label Sympathy For The Record Industry $625,000.00 or $700,000.00 if i don't like you Known for a multitude of things including releasing early efforts by Hole, The White Stripes, Turbonegro, Rocket from the Crypt and The 5,6,7,8's as well as resurrecting the classic music of immortals such as Roky Erickson, New York Dolls, Suicide, The Gun Club, Spacemen 3, The Scientists and Wanda Jackson and lets not forget the serious concentration on a plethora (like that word??) of bands in hot beds such as Memphis, Detroit and Montreal and also being among the first to look towards the Far East to unleash the demented and curious off-kilter sounds of those crazed ornamentals (Asians to you of a p.c. mindset)... So what?? 'Big deal' you say, well, Sympathy has also worked with underated and seemingly unsung heroes like Billy Childish, The Oblivians, Holly Golightly la la la etc and are hailed for recognizing and employing important visual artists to create wonderous covers by Mark Ryden, Camille Rose Garcia, Yoshitoma Nara, Liz Mcgrath, Coop, The Pizz, Dan Clowes blah blah blah la la la etc ad infinitum... Sympathy are also responsible for releasing records by untold bands of differing degrees of talent with really cool names like The Pleasure F*ckers, Banana Erectors, Anal Babes, Candypants, Teenage Larvae, Tri-State Kill Spree, Iowa Beef Experience, The Child Molesters, Penetration Moon, Smegma, Ethyl Meatplow, The Spaceshits and Destroy All Monsters... Single-handedly responsible for lowering the standards of the entire record industry... includes: questionable/nebulous rights to nearly 750 releases by over 550 bands current distribution deal with foremost U.S. independent distributor with strong international distribution as well existing stock modestly estimated at a wholesale value of 1.8 millon dollars all master tapes, acetates, stampers and mothers to continue production of titles massive personal archive of sympathy rarities (lots of amazing surprises) preliminary cover layouts/some original artwork/interesting and valuable artifacts galore established web site and vastly lucrative mail order business over 30 snappy sarcastic slogans featuring much-loved heavy-hitters: "We almost really care' "Is a force this powerful going to be overlooked by an industry that needs all the Sympathy it can get" "You've tried the rest now go f*ck yourself" "Sound and fury signifying nothing" (ok, we stole that one from Shakespere) "West coast perpetrators of the finest in musical mayhem" "The most favoritest populars, cost so little goody you like 'em" 'A name you can pronounce since 1988" '18 years of performance anxiety, instability and poor judgement' 'We just don't know when to gve up' "A tradition of obscurity and obsolescence" incomprehensible bad reputation included at no additional cost interested parties contact long gone john (anti-mogul/fat cat/accidental c.e.o.) at sympathy13 [at] aol [dot] com Sympathy For the Record Industry (58 comments)
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Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way. Seriously.
punk_rawk_show (July 20, 2007)
Best Ten Foot Pole album, mine is Subliminal Messages and then the Insider 5+ Replies
Someone (July 21, 2007)
This is a sad day. Chances are Epitaph or Nitro will buy it and send it straight down the tubes. Any bets? 1+ Reply
Someone (July 21, 2007)
meag rofl $650 grand for a shitty label I have never heard about. I went to their web page to see their back catalog and was absolutely stoked, it's 1992 again, Seriously who wants a shit load of washed up never were wannabe grunge bands? When Veruca Salt is your flagship band, you know you're in financial trouble. They shoulda sold the label 10 years ago. 2+ Replies
GlassPipeMurder (July 21, 2007)
I want to buy Sailor's Grave. Wonder if it's for sale/within my budget. 4+ Replies
Someone (July 21, 2007)
you can't sell what you don't own. he doesn't have contracts... so he doesn't own anything. he has handshakes. which is fine.. but you can't sell handshakes. He sells, all the bands ask for their catalog back and get it. the sucker that bought it is fucked. 1+ Reply
Cos (July 21, 2007)
Didn't Jack White sue the shit out of this guy when the Stripes started getting big and he got all paranoid about everyone hating him and shit? I don't blame John for getting out now. 4+ Replies
RRR (July 21, 2007)
Damn Shame.
Someone (July 21, 2007)
Most of the bands mentioned released singles only with SFTRI not LPs. For every great release this label had there were 10 more that sucked. With the exception of what is mentioned in this article, there is a ton of crap like Haunted Garage, Smegma, Slub, Mad Daddys (they do suck...fuck you) saturating SFTRI's back catalogue. No thanks.
Someone (July 21, 2007)
This blows my mind, I thought he'd be at it forever. 2+ Replies
Someone (July 21, 2007)
Dude, I'll give you $5 bucks (canadian) for your shitty label full of shitty bands and releases.
Someone (July 21, 2007)
go vinyl only for the collectors, and digital downloads, like everyone else seems to be doing 2+ Replies
Someone (July 21, 2007)
Maybe I can get the Blackstone Group to buy it and in 3 months they'll turn it around to be one of the best chemical waste disposal companies on the West Coast!
Someone (July 21, 2007)
What are the odds that someone great will buy this and let someone great run it? 1+ Reply
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