Touch & Go Cuts Operations, But Not Gone
February 18, 2009 at 3:59 PM (PT)
Renown CHICAGO-based indie label TOUCH AND GO RECORDS has announced that it's dramatically scaling back its business, cutting its staff to around 25 people and ends distribution deals it had with 20 smaller indie labels. TOUCH AND GO founder COREY RUSK told THE CHICAGO TRIBUNE that "The current state of the economy has reached the point where we can no longer afford" to provide manufacturing and distribution services for the labels.
TOUCH AND GO will essentially stop releasing new content and concentrate on exploiting its back catalog of over 400 records In a statement, RUSK said the following:
It is with great sadness that we are reporting some major changes here at TOUCH AND GO RECORDS. Many of you may not be aware, but for nearly two decades, TOUCH AND GO has provided manufacturing and distribution services for a select yet diverse group of other important independent record labels. Titles from these other labels populate the shelves of our warehouse alongside the titles on our own two labels, TOUCH AND GO RECORDS and QUARTERSTICK RECORDS.
Unfortunately, as much as we love all of these labels, the current state of the economy has reached the point where we can no longer afford to continue this lesser known, yet important part of TOUCH AND GO’s operations. Over the years, these labels have become part of our family, and it pains us to see them go. We wish them all the very best and we will be doing everything we can to help make the transition as easy as possible.
TOUCH AND GO will be returning to its roots and focusing solely on being an independent record label. We'll be busy for a few months working closely with the departing labels and scaling our company to an appropriate smaller size after their departure. It is the end of a grand chapter in TOUCH AND GO's history, but we also know that good things can come from new beginnings.