BREAKING NEWS: TVT Filing Chapter 11; Staff Fired
New York based independent record label TVT Records terminated the majority of their employees this afternoon, sources revealed to AllHipHop.com today (February 18). TVT, which is home to major recording stars like Lil Jon & The Eastside Boyz, Pitbull, Ying Yang Twins, The Polyphonic Spree and others, is expected to file for Chapter 11 bankruptcy protection this week. TVT Records was founded by its current President, Steve Gottlieb, who launched the label out of his New York City apartment in 1985. In addition to Hip-Hop music, the label released music by Nine Inch Nails and other influential Modern Rock, Electronica, Industrial and Nu-Metal bands. It is not known how the bankruptcy filing will affect the label’s release schedule, which includes Lil’ Jon’s highly anticipated album Crunk Rock.
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