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Industry unites to save indies.
Companies offer support for Pinnacle casualties, with some labels already secure
By Ben Cardew
The UK music industry is rallying around to help indie labels caught up in the collapse of Pinnacle.
Distributors have already inked contracts with some of Pinnacle's leading labels - notably Rough Trade with PIAS UK and Dramatico going to ADA - while a raft of new deals are nearing completion.
ADA is understood to be close to signing contracts with Epitaph, Eagle Rock, VP Records, Greensleeves and Jazzee Blue, while PIAS UK managing director Peter Thompson and Proper Distribution managing director Steve Kersley have been in talks with a number of labels.
The majors are also mucking in, providing support for indie labels caught up in Pinnacle going into administration last Wednesday. They have offered to help labels get their releases into stores in the run- up to Christmas and into the new year.
Universal commercial director Brian Rose says, "We have been speaking to a lot of record companies in the last 24 hours. We have offered to help people with their distribution and sales."
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