"Indie record label V2 North America, home to such acts as the White Stripes, Moby and the Raconteurs, laid off its staff Friday and will primarily become a catalog label."
What's a catalog label? I'm guessing it means they'll retain whatever rights they had but not produce anything new..
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This means that Moby's last album cost ...
This means that Moby's last album cost V2 dearly. It was a big flop, and not even the might of the other V2 releases could save the label.
'Catalog label' means that they will fleece the back catalogue for all its worth, meaning that you will be able to buy the 30th Anniversay quadruple box set of the Moby album plus 2356 extra unreleased Moby tracks in 2036. Something to look forward to I'm sure....
[ http://mobylikesmeat.com ]