Sympathy For The Record Industry Up For Sale

posted July 23, 2007

Sympathy For The Record Industry Up For SaleIndependent record label Sympathy For The Record Industry is up for sale, according to a recent MySpace post by founder Long Gone John. With an asking price of $625,000, the record label "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" can be yours. Sympathy For The Record Industry was founded in 1988.

John states in his post that the deal 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 [sic] 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"
Interested parties can contact John directly at sympathy13@aol.com.

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