February 19, 2008

TVT Bankruptcy

Billboard reports:

TVT Records, once hailed as Billboard's top independent label and home to artists such as Lil Jon, Pitbull and Ying Yang Twins, will file for Chapter 11 bankruptcy this week, company head Steve Gottlieb tells Billboard.com. "This is not the end of TVT," he insists.

Rolling Stone reports that the label fired the majority of their staff.

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