Gibson may emerge from bankruptcy, new guitars on the way

Gibson are synonymous with guitars after a 100+ year legacy, so their bankruptcy came as a shock. But it looks like they might crawl out from it yet. Back in May of this year we…

iHeartMedia have filed for bankruptcy to clear $20bn in debt

After weeks of uncertainty iHeartMedia are moving to resolve their massive debt by filing for bankruptcy. The past few weeks have been a tumultuous time for iHeartMedia Inc, owners of highly successful radio streaming platform…

iHeartMedia wipe $15B in debt, saving them 2 days of bankruptcy

iHeartMedia are on the very brink of going bankrupt but they’ve been given at least 2 more days until crunch time. In the past week iHeartMedia’s funds, or lack thereof, have been revealed and it…

iHeartMedia face bankruptcy but rivals’ investor Liberty Media could save them

iHeartRadio are facing financial breakdown but the investor coming to save the day has stakes in some of their biggest rivals. Radio streaming service iHeartRadio are facing trouble with debt and are looking to consolidate…

Gibson Guitars respond to rumours they are facing bankruptcy

Gibson Guitars are reportedly teetering on the edge of closure after over 120 years of defining guitars, but Gibson have something to say about these rumours. Last week reports circulated that suggested Gibson are in…

Gibson guitars face bankruptcy; “running out of time – rapidly”

One of the world’s most iconic guitar manufacturers, Gibson may run out of money very soon as debt payments loom. Gibson’s doors may soon close after over 100 years making top-quality guitars for everyone from…

Deezer to face up to Spotify, including a potential SoundCloud buyout

A few months after SoundCloud were reported to be broke and likely bought out soon they have, so they say, recovered. But Deezer still have their eyes on the streamer. It’s been a tough year…

Struggling music video service Vadio dies, taking $12 million with it

Promising music video monetization startup Vadio have lost the wind in their sails, crashed and died with millions in funding lost down the drain. Portland-based startup Vadio have had to give up after four years…

HMV shuts down all 102 Canadian stores due to bankruptcy

HMV Canada has been announced bankrupt and are closing all their stores on what Canadians are calling “the day the music died”. January 27th is the day that a judge in Ontario approved music, film…

Shameless Self Promotion – Bankrupt

Punk rock, Budapest, Hungary Bankrupt proved an apt moniker for Hungary’s most unique punk rock band. With the country celebrating the 20th anniversary of the Iron Curtain’s demise teetering at the edge of bankruptcy, it’s…