February 24, 2006

Coolfer heard reports from various sources throughout the day that Studio Distribution has closed its doors. A thread at the Velvet Rope has similar confirmations.

Studio was a distributor of mainly dance but also hip hop and reggae/world titles, mainly music with a connection to urban and club life. Two of its main labels, !K7 and Global Underground, had recently left. Those two labels helped Studio become a prominant player when dance music took off in the States in the late '90s. Now, Studio's demise mirrors dance music in the country: It ain't what it used to be.

Also, there was widespread industry discussion about how well its deal with Navarre was working out, and its thought that Studio ended up getting hurt by Navarre's financial situation. The two companies entered into a distribution agreement in August of 2002 and renewed it for five years in February of 2004.

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Posted by Glenn at 9:14 PM | | | Indies | Music Industry