Fueled By Ramen Potentially Filing For Bankruptcy!
According to an article on mi2n.com t(w)een favorite Fueled By Ramen maybe be filing for bankruptcy.
A source says the financial expenditure going into these bands has not so far proved profitable and that in an effort to keep the label above water, there is currently talk of dropping several bands or bankruptcy could be a conceivable outcome for Janick and Co.
Other labels have show intrests in some bands like This Providence and VersaEmerge. Tours are still scheduled for multiple bands through the summer, even though there hasn’t been any word yet about Hey Monday‘s speculated arena tour, The Academy Is will be performing at Six Flags stages across the country. It is possible that if the label doesn’t drop bands and/or increase sales soon, they may face bankruptcy this fall. Even though some other labels have shown interest in some of their bands, a lot of the bands on Fueled By Ramen could end up with out a label. So far Cobra Starship‘s new cd and The Cab‘s new EP (which you can stream now on purevolume.com), are still on track for release.
