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SPV declares bancruptcy
German record company SPV has filed for bankruptcy protection on May 25 in the District Court of Hanover. On May 27 the court has appointed a provisional insolvency administrator. This does not mean that the company will cease operations immediately, but may affect musicians to whom it owes money.
SPV is the current record label for Whitesnake, Blackmore’s Night, and both Dio and Heaven & Hell, among many other artists. Several Glenn Hughes’ albums between 1995 and 2005 were also released by SPV.
Thanks to Blabbermouth and Billboard for the info.
Update [May 31]: Heaven & Hell are currently signed to Roadrunner. Only Live from Radio City Music Hall was released in Europe on SPV.
Thanks to Daniel Bengtsson for the correction.
Unauthorized copying, while sometimes necessary, is never as good as the real thing
hmmm 🙁
May 31st, 2009 at 17:24The new Heaven and Hell came out on Rhino, at least here in America.
June 3rd, 2009 at 02:37what a shamee no goods music anymore.
June 18th, 2009 at 16:14Spv on Chapter 11 blues??? No surprise after the crap they were into lately…. Oh dear….
July 3rd, 2009 at 19:36Its very sad, it was a good label.
August 28th, 2009 at 21:19as with Pink Floyd, old friends and teammates are now enemies for the dispute of the Deep Purple name, money is money and this feud unables any kind of future colaboration of Blackmore with Deep purple.
October 15th, 2018 at 10:46