CHICAGO, Feb. 18 (UPI) -- The independent Chicago music label Touch and Go Records has announced plans to cut its distribution service and eliminate an unspecified number of staff.
"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," the Chicago Tribune quoted Touch and Go founder Corey Rusk as saying.
"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."
Rusk went on to say 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," he said. "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."
