Lookout!, the label that first brought us Green Day, has laid off its employees and temporarily suspended operations after Green Day reclaimed the rights to their back catalog due to Lookout!’s admitted delinquency in paying royalties. While relations are amicable between the two parties, the loss of Green Day’s early releases is a crushing blow to the punk label.http://www.mtv.com/news/articles/1506904/20050803/green_day.jhtml
Lookout!
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