Californian indie label Lookout! Records, probably best known as the original home of Green Day, though the company also worked with the likes of Operation Ivy, Rancid, Alkaline Trio, The Donnas and Ted Leo And The Pharmacists, has shut up shop after several years of financial problems.
That Lookout! is no more was confirmed by one the label's artists, the aforementioned Ted Leo, who told fans that his records were not currently available via digital platforms because his record company had ceased trading. However, he said the label had granted him ownership of the sound recordings he made for it, adding: "I have to go through some legal stuff with the digital services to get the records back up online, and I'm hoping to have that all taken care of very soon".
It's not clear if other artists whose catalogue Lookout! controlled will likewise get ownership of their recordings. Lookout! was launched in the late 1980s by Larry Livermore and David Hayes.
Source: http://www.unlimitedmedia.co.uk/
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