Record Labels Face Ruin After Riot Fire

08/09/2011
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(Rock News Desk) Many of the UK's independent rock and metal labels could face financial ruin after rioters in London destroyed a warehouse used as a distribution base for CDs and DVDs.

The building in Enfield, North London, was robbed by 20 looters, who set it on fire before making their escape during the third night of violence in the English capital.

And while insurance claims may cover some or all of the labels' losses, many businesses may not be able to survive the loss of cashflow and delays in payments being made. more on this story

RockNewsDesk.com is an official news provider for the Day in Rock.

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