Hydra Head Records Closes
September 12, 2012 at 4:43 AM (PT)
After 17 years, HYDRA HEAD RECORDS is shutting down. Founder AARON TURNER made the announcement on the label's blog.
TURNED mentioned financial problems, noting, "We've spent the majority of our existence excitedly scrambling from one thing to the next, taking on more than we could ever possibly hope to achieve, and never quite finding solid footing in the midst of our self-induced whirlwind of chaos."
He summed up the "years of imbalance between creative ideals and financial realities, personal problems amongst the label operators, an unwillingness to compromise our aesthetic standards, a tendency towards releasing challenging (i.e. unmarketable) artists, and the steady decline of the music industry in general," as the reason to go out of business.