Intergroove has filed for bankruptcy.
The German distributor who looks after 300 record labels, such as Ministry of Sound and Get Physical, vows to continue through managing director Ralf Reichert and produce records and CD’s.
“We will do everything we can to clean up the company of insolvency and continue Intergroove.”
The news comes days after ST Holdings also announced that it would cease trading after July.
Written by Alex Lewis