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It's just going to have to be dormant for a while.Misfits are the very model of an influential punk band. The label had a real family feeling, so we're all rooting for it. We all hope that they do, even among the staff that lost their jobs. "They want to come back from this," she said. In the meantime, Laughter said, the remaining Lookout staff will take some time to reconsider their options. or Adeline Records, the upstart label Armstrong runs with his wife, Adrienne, and uses to release music by the band's alter-ego, the Network. It is uncertain whether Green Day will move their early material to Warner Bros.
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Livermore agreed: "No matter how rich a band is, they shouldn't be expected to subsidize a failing label forever, especially when that label isn't doing anything particularly worthwhile." "Who's to say they should continue to write it off? There's no way this can be characterized as ruthless on their part." "Whether they need the money or not, they are owed the money," Laughter said. The band obviously doesn't need the money as much as Lookout does. The video for Green Day's latest single, the power- ballad "Wake Me Up When September Ends," premieres on VH-1 at 9 p.m. The trio - singer-guitarist Billie Joe Armstrong, bassist Mike Dirnt and drummer Tre Cool - was also recently nominated for eight MTV video music awards honoring its clips for "Boulevard of Broken Dreams" and "American Idiot" in categories such as Best Cinematography, Video of the Year and the Viewer's Choice Award. album, "American Idiot," which has sold 8 million copies worldwide. The band is on the road in support of 2004's Grammy-winning Warner Bros. The members of Green Day, who launch a 38-date North American tour this week in Rosemont, Ill., were unavailable for comment. Livermore added, "Green Day has been more than patient." Gambling on new bands is part of what a record label does but you don't do it with other people's money."
#GREEN DAY ALTER EGO BAND SERIES#
"Lookout has been failing to pay Green Day (and other bands) for years now, and apparently using the money instead to put out a series of terrible records that very few people wanted to buy. In a statement, Appelgren insisted there were no hard feelings: "Despite any rumors or conjecture to the contrary, Lookout and Green Day's long relationship has always been based on trust, friendship and partnership, and those bonds remain shared between the label and the band now and into the future."įormer Lookout president Lawrence Livermore, who started the label in 1988 and first signed Green Day, took to punk message boards indicting the label itself: "It's about money and also about bad faith," he wrote. Surprisingly, nobody at the label is blaming Green Day for its decision. "Losing that catalog was the last straw of a period of financial hardship, " Laughter said. The label's owners - President Chris Appelgren, Vice President Molly Newman and General Manager Cathy Bauer - are considering selling the building that houses Lookout's offices to settle some of the label's debts. Six full- time staffers and two independent contractors will lose their jobs as of Aug. Lookout has no new releases scheduled for the rest of the year. But Green Day's decision has effectively shut down the label. Avail, Screeching Weasel and the Riverdales have moved their material to different imprints. Green Day is not the first band to yank its music from the Lookout catalog. Yet Lookout continued to benefit from the band's skyrocketing popularity as interest in Green Day's older material rose, providing most of the revenue to support Lookout's new signings like Ted Leo, Mary Timony and Engine Down.
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for its breakthrough 1994 release, "Dookie," which sold 12 million copies. Green Day was roundly censured by the East Bay punk community, centered around the club 924 Gilman Street, when it left Lookout to sign with major- label Warner Bros.