Nu Urban Bankrupt

Discussion in 'Drum & Bass' started by Lurka, Sep 11, 2012.

  1. Lurka

    Lurka New Member

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    So Just saw This taken from Levela's facebook

    So what are people thinking to this?
    good or bad news for the scene in the long run?
     
  2. DJError

    DJError AKA Error

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    cant really see how this could be good news in any shape or form? even if you dont like jump up regardless its a massive distributor of dnb, many people will be effected by this, jobs will be lost. how can you say there could be good news?
     
  3. Lurka

    Lurka New Member

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    i completely agree the fact that nu urban is bankrupt isnt a good thing, its a big shame that the place i buy alot of my music from is going down.
    i was more referring to the state of the jump up scene and how many releases get put out on there that really shouldn't see the light of day.
     
  4. MARKLAR

    MARKLAR International Tracksuit Salesman

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    thats pretty shit
    but there will still be tons of wank jump up about due to mp3s
     
  5. Lurka

    Lurka New Member

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    well how im hoping it goes is that, record labels take it upon themselves to distribute their releases by their own websites,
    maybe it will kick a few of them up the arse as to what they sign up to their labels.
     
  6. DJError

    DJError AKA Error

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    i dont buy jump up but regardless, less vinyls getting pressed whatever the genre is definitely isnt good, regardless if its shit you aint gotta buy it. Regardless the main shit stuff comes out on mp3 which isnt gonna be much effected by this so all i can see is a big loss even for people that dont buy jump up, and they still sold and distributed all sub-genres of drum and bass
     
  7. RocksteadyUK

    RocksteadyUK SkimoBeats

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    Bad news. Nu Urban are legends in the game. Unfortunate their finances didnt reflect that. Wonder what the cause was??

    Shame.
     
  8. Agent Smith

    Agent Smith Currently Putins Koala

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    :word:

    lets hope that this is the only distributor affected.
     
  9. Lurka

    Lurka New Member

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    oh yeah most definatley with the vinyl side of things. i was chatting with a mate who thinks that there will be another distributor that will end up replacing nu urban
     
  10. Lurka

    Lurka New Member

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    If i had to guess id say its due to less sales. nu urban charge £1.26 (after VAT) for a song's that you can get elsewhere for 99p.
    Just competition.
     
  11. Hybrid_Minds

    Hybrid_Minds Member

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    I heard about this...RIP....they were such a great starting platform for labels, we had two labels on there...it's a sad day
     
  12. DJError

    DJError AKA Error

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    i seriously doubt that mate, i cant see anyone/a company with enough money to pay off nu-urbans debt and try to turn it around to make a profitable company again, its not exactly soemthing an investor would think of putting their money in and it would be a hard task, especially if the other distributors such as ST Holdings are doing well.

    Assuming that they are in administration the remaining distributors will be able to buy the stock off nu-nuban for cheap, the administrators will want to get whatever money they can to pay off nu-urbans debt. Then after that i guess its up to the distributors if they want to take up contracts with the labels who were solely working with nu-urban to start pressing their stuff again
     
    Last edited: Sep 11, 2012
  13. jsmith89

    jsmith89 Hmph..... silly...

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    was just getting into buying stuff from there, they usually had a great selection. RIP
     
  14. kenyon

    kenyon @ The Crack Spot

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    herd about this shame fingers crossed they find a buyer
     
  15. Lurka

    Lurka New Member

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    what i meant is that a new or existing company would take the place of nu urban we already have places like red eye.
     
  16. DJError

    DJError AKA Error

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    yeah mate most probably, if the lables were still shifting units but not as much as nu urban were pressing i dont see why another company wouldnt take on their contract, cant see why a business would want to turn down more money
     
  17. Lurka

    Lurka New Member

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    i guess were just going to have to wait and see what happens hopefully whatever does happen is a improvement.
     
  18. Bad Ace

    Bad Ace Close2Death

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    im suprised that it hadnt happened sooner!!!!
     
  19. DjTiesticles

    DjTiesticles Well-Known Member

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    Surely it's good they've gone bankrupt just to disrupt the output of labels such as Finn People
     
  20. The Watcha

    The Watcha Well-Known Member

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    This is not good. Used to buy a fair few vinyl through Nu Urban when I was buying jump up tunes. Its a shame that things have gone that way. RIP Nu Urban. Was waiting for Turno - Boiling Point on vinyl, but this might not happen now. Hopefully Playaz find a new outlet to distribute their tunes as Hazards new EP has been a long time coming & need that on plastic when it surfaces