Thursday, October 16, 2008

Real Groovy - fallout spreads.
"A music promoter is around $9000 out of pocket after iconic music chain Real Groovy Records was placed in receivership. Matthew Crawley brought Canadian band The New Pornographers to play in New Zealand two nights ago and sold tickets through Real Groovy.

He told 3 News that when he went to collect the money yesterday for the tickets he was greeted by a businessman he didn’t know. “I said – ‘are you going to tell me that you’re not going to give me the money that I just made on these tickets?,’ and he said – ‘not immediately, but we will give it to you.’” (link, plus video)

As Real Groovy was a major ticket seller for music events, this could have serious repercussions right thru the music industry, from promoters to venues, PA companies, etc.

Also... I just watched TV3 Campbell Live and TV One News clips on Real Groovy's closure - TV One made it all about iTunes and the economy, then covered Briscoes and the retail downturn and blamed the global economic difficulties reaching our shores, and TV3 blamed Itunes and $1 downloads, and ended up discussing the cd vs vinyl debate. None of which has anything to do with Real Groovy going into recievership due a foreign exchange deal going bad (as stated by the owners).

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