TVT Records, the independent hip-hop label that boasted a roster including Lil John and the Ying Yang Twins among others, has announced to plans to file for Chapter 11 bankruptcy. This comes in the wake of numerous legal battles in recent years with other labels and artists alike. In a statement Billboard, label head Steve Gottlieb insists that “This is not the end of TVT.”
http://www.billboard.com/bbcom/news/article_display.jsp?vnu_content_id=1003712279
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