There are allusions to some sort of story about Force Tracks going under in another thread recently. Can anyone explain exactly what happened?
― todd burns (toddburns), Friday, 14 May 2004 12:02 (twenty-two years ago)
Their distributor folded, which caused severe financial difficulties for many labels with a close relation to them.
― Siegbran (eofor), Friday, 14 May 2004 12:12 (twenty-two years ago)
http://www.xpander.nl/index.cfm?NewsID=1771 DISTRIBUTOR EFA MEDIEN BANKRUPT
After 22 years of supplying Europe with various styles of music, the curtain has finally fallen on EFA Medien, Germany's largest distributor of electronic music. Having filed for bankruptcy at the start of the year, EFA, which stands for "Energy For All", tried to avoid the administrators by downsizing their staff, restructuring their distribution methods and channels and negotiating with possible investigators. Unfortunately, none of these came to fruition.
EFA was the distributor for many upfront labels that have existed for many years now including Perlon, Kanzleramt, Playhouse, Tresor, Force Inc, Shitkatapult, Freude-am-Tanzen, and Pokerflat to name but a few. EFA had five in-house labels too.
"It's true, EFA Medien have filed for bankruptcy and unfortunately our own labels E:Motion, Hear 2 Hear, ESC, Clearspot and Secret Life are in trouble too. We don't know what will happen next yet. We just have to wait", said an EFA Medien employee.
Gigolo Records, who used EFA Medien as their main distributor, are concerned about the effect this bankruptcy will have on other, smaller labels but are currently negotiating with other distributors themselves. Kanzleramt have already announced that they will use Roughtrade and Neutron to distribute their vinyl and CD's in the future, while Superstition "got lucky" by changing distributors last year.
For a list of labels EFA distributed, go here
― Michael F Gill (Michael F Gill), Friday, 14 May 2004 12:19 (twenty-two years ago)