With the rumors of bankruptcy and closure related issues making rounds about Regain Records, the founder of the independent record label based in Sweden saw the need to make a clear statement on the status of the record label outfit and here is what he has to say:

“Wow, the years pass by so fast. It feels like I was just going to fetch myself a cup of coffee and there you go, 5-6 years pass by in the blink of an eye. Well, we never really closed down the label even if it might seem so. There are things in life which we sometimes cannot control such as life-changing events and sickness. Of course, there’s more to the story than this, but instead of making a long and very personal statement which nobody wants to read anyway, I settle with this short statement instead. I just want to say that, as the true patron of the arts we are, we will continue serving you with quality music instead of quantity and music with impact!!!”

“There are tons of stuff going on, a lot of interesting co-operations and joint ventures with artists as well as other labels. Keep your eyes open since news will be posted here on a regular basis. The new website is currently in the making as well, www.regainrecords.se still under construction.”

This was the post made on the record label’s official Facebook page on January 16, 2017, by Per Gyllenback.

“A close down not officially made but appears to be in that direction from the manger’s voice.”

The Analysis

A close down not officially made but appears to be in that direction from the manger’s voice. It is more likely that a ‘close down’ may not be the right word to use but it does show something of that sort. This can be corroborated by the new website that is under construction. It is clear the record label is getting transformed into something else.

Probable Reasons as interpreted from the statement:

Health Reason

Relating the term ‘sickness’ that appeared in the statement, it should be a pointer there is probably something of that sort but no one can tell. We cannot completely rule out the health reason for this closure so to say.

“This reason for a probable closure is very clear from the statement.”

Co-operation & Joint Venture

This reason for a probable closure is very clear from the statement.  It is one clear situation that everyone can attest to on the record label’s official Facebook page, which has a lot of support and promotion of other record labels in the industry.

Some of these affiliates are Helter Skelter promotions, Blood harvest, shadow Records among others. This clearly shows the path the record label is taking in its newfound approach to the industry.

Can the conclusion be made that the record label has finally closed down from this statement? It appears to be indirect since the normal activities of the company in the past may be done away with or be taking a new dimension entirely from what its operations were in the past. Waiting to get the final statement of the new development will be anxiously expected.

Legacy Regain Records The End