BREAKING NEWS: TVT Filing Chapter 11; Staff Fired

New York based independent record label TVT Records terminated the majority of their employees today, sources revealed to today (February 18).


TVT, which is home to major recording stars like Lil Jon & The Eastside Boyz, Pitbull, Ying Yang Twins, The Polyphonic Spree and others, is expected to file for Chapter 11 bankruptcy protection this week.


TVT Records was founded by its current President, Steve Gottlieb, who launched the label out of his New York City apartment in 1985.


The label’s first success was the popular eight-volume Television’s Greatest Hits collection, which chronicled various TV theme songs.


At its height, TVT Records was one of the top independent record labels in the United States, earning Billboard’s Independent Record label of the year award 5 consecutive times in a row, the most recent in 2006.


In addition to Hip-Hop music, the label released music by Nine Inch Nails and other influential Modern Rock, Electronica, Industrial and Nu-Metal bands.


It is not known how the bankruptcy filing will affect the label’s release schedule, which includes Lil’ Jon’s highly anticipated album Crunk Rock.


Just weeks ago, Pitbull, one of the label’s top stars, lashed out at the label and urged fans to stop buying his new album, The Boatlift.


Pitbull accused TVT Records of not properly promoting the album and placed most of the blame on Gottlieb.


“I’m out here working like a slave, doing things that other artists don’t even know how to do,” Pitbull said. “A label’s there to further and promote your career, but it feels like they just keep holding me back.”


TVT Records was also embroiled in a legal battle over early recordings by Cash Money Click, which featured Ja Rule.


While an initial ruling awarded TVT Records $132 million dollars in damages, the figure was soon voided to zero on appeal.


The status of TVT Records’ other businesses, including TVT Music Publishing, is not known as of press time.

  • Agents find weapons, ingredients for toxin in homes of accused

    […] 50 Cent A$AP Rocky Alternative Heat Alternative Pick Big KRIT Bun B. Chris Brown Diddy dr. dre Drake Eminem Freddie Gibbs French Montana FRESH HEAT game Gucci Mane HEATER OF THE DAY illseed J. Cole Jay-Z Jim Jones Kanye West Kendrick Lamar Lil Wayne Lupe Fiasco Machine Gun Kelly Mac Miller Meek Mill Nickelus F Nicki Minaj Nipsey Hussle Pill Pusha T Rick Ross Rock City Snoop Dogg Soulja Boy Statik Selektah Styles P T-Pain T.I. Tity Boi Tupac Tupac Shakur Twista Wale Wiz Khalifa Yelawolf young Jeezy [BGA]Source: […]

blog comments powered by Disqus