Dear Business Partners,
with deepest regrets we herewith must let you know that we have been forced to file bankruptcy today.
This is based on the developments of the recent weeks during which we have tried everything to avoid this step by downsizing our staff, restructuring all distribution methods and channels, negotiating with third parties, particularly with several groups of possible investors, yet - sadly - to no avail. All our attempts to find any other means to keep afloat in times of collapsing markets have remained unsuccessful. Since it has not been possible to reach possible solutions and it has become obvious that we were no longer able to stay in business when relying on our own strength.
We expect the relevant court to name a receiver within the very future. We do hope that jointly with that receiver we may be in a position where EFA´s key business areas can be saved and restructured. However, it is unclear if our desire to reestablish EFA will be rewarded by the receiver´s perspective.
We thank you for all the years of cooperation and the trust in EFA.
Yours sincerely
EFA Medien GmbH
― william (william), Thursday, 4 March 2004 00:31 (twenty-one years ago)
― Barry Bruner (Barry Bruner), Thursday, 4 March 2004 00:34 (twenty-one years ago)
― Ned Raggett (Ned), Thursday, 4 March 2004 00:56 (twenty-one years ago)
i wonder who will pick up tresor, the basic channel family, klang elektronik, disko b, force inc, kanzleramt, perlon, playhouse ...
not to mention the rest of the world: subvoice, source, rise robots rise, rephlex ...
― vahid (vahid), Thursday, 4 March 2004 01:11 (twenty-one years ago)
― vahid (vahid), Thursday, 4 March 2004 01:12 (twenty-one years ago)
― the surface noise (electricsound), Thursday, 4 March 2004 01:14 (twenty-one years ago)
― Born-Again Pubescent Undercover Pocket Nihilist Crochet Ninja (mjt), Thursday, 4 March 2004 02:11 (twenty-one years ago)
― william (william), Thursday, 4 March 2004 02:14 (twenty-one years ago)
― Alex in SF (Alex in SF), Thursday, 4 March 2004 02:15 (twenty-one years ago)
― jack cole (jackcole), Thursday, 4 March 2004 02:52 (twenty-one years ago)
― JoB (JoB), Thursday, 4 March 2004 18:27 (twenty-one years ago)
they also do cds!! chances are, if you've bought a european techno cd in the last several years, it had a little sticker or imprint on the back somewhere that said EFA.
― vahid (vahid), Thursday, 4 March 2004 18:35 (twenty-one years ago)
― vahid (vahid), Thursday, 4 March 2004 18:38 (twenty-one years ago)
― Andy K (Andy K), Thursday, 4 March 2004 18:39 (twenty-one years ago)
― Barima (Barima), Thursday, 4 March 2004 19:07 (twenty-one years ago)
― egon krenz (slaytrack), Thursday, 4 March 2004 19:55 (twenty-one years ago)
― JoB (JoB), Thursday, 4 March 2004 20:34 (twenty-one years ago)
william is also OTM.
― vahid (vahid), Thursday, 4 March 2004 20:43 (twenty-one years ago)
― Omar (Omar), Thursday, 4 March 2004 20:43 (twenty-one years ago)
― vahid (vahid), Thursday, 4 March 2004 20:44 (twenty-one years ago)
― JoB (JoB), Thursday, 4 March 2004 20:57 (twenty-one years ago)
― egon krenz (slaytrack), Thursday, 4 March 2004 21:25 (twenty-one years ago)
― egon krenz (slaytrack), Thursday, 4 March 2004 21:27 (twenty-one years ago)
That is really sad that they are going down, jeez with Pinnacle out too its going to be near impossible to get stuff out here. I am not that big a fan of buying on the internet either but at this point I guess I am going to have to start getting used to it.
Vahid are there any good internet resources out here on the west coast for techno?
― hector (hector), Thursday, 4 March 2004 23:05 (twenty-one years ago)
i don't know of any good online californian stores (not to say they don't exist), or really any storefront that compares to nuloop.
― vahid (vahid), Thursday, 4 March 2004 23:10 (twenty-one years ago)
― Barry Bruner (Barry Bruner), Thursday, 4 March 2004 23:15 (twenty-one years ago)
I would have thought that I would have been suffocated under the wealth of stores out here but find myself frustrated more often than not.
The euro is killing me these days too, the price of european music just goes up and up.
― hector (hector), Friday, 5 March 2004 00:29 (twenty-one years ago)
Dance music is a mess right now, Integrale went under as well this summer, which means that a lot of hard techno labels in the UK lost their distributor. Those records are not my cup of tea, but it still worries me. I was talking with PJ from S://kimo awhile back and he said that his business died after 9/11 as well. Basically, he said that his standby's were still selling, autechre and BoC are moving 100 12"s but everybody else is just moving a handful of records if they are lucky.
I wonder why it has declined so much in the last few years. I think the decline in the cool-factor of electronic music coupled with the increase in product because every kid with a laptop is a "producer" because he has a crack of Reason is what is killing it right now. I think it has lost so much audience because of the sheer amount of crap out there; as much time as I have invested in electronic music I almost do not feel like wading through a glutted market full of lukewarm product anymore.
Filesharing does not help either, but I don't think that is the problem. I think what is killing sales is that consumers don't have to take chances with crap product anymore. When I think of how much money I have wasted on bad records over the years because I had to order them unheard it makes me sick. I have only recently started buying physical media again, and then it is only with albums I have already heard and know I am getting value for my money. That also means that I spend about 75% less than I would have if I just had to take a leap of faith with new releases. Your shit has to be pretty hot if you want me to shell out 14 bucks for it. ;)
― Born-Again Pubescent Undercover Pocket Nihilist Crochet Ninja (mjt), Friday, 5 March 2004 09:15 (twenty-one years ago)
― Born-Again Pubescent Undercover Pocket Nihilist Crochet Ninja (mjt), Friday, 5 March 2004 09:17 (twenty-one years ago)
― the surface noise (electricsound), Friday, 5 March 2004 09:18 (twenty-one years ago)
― zebedee (zebedee), Friday, 5 March 2004 11:28 (twenty-one years ago)
― Siegbran (eofor), Friday, 5 March 2004 13:48 (twenty-one years ago)
― ___ (___), Friday, 5 March 2004 13:56 (twenty-one years ago)
I must say it is a little scary seeing other distibutors like Integrale and Prime going under the past year as well. And I hear the Force Inc label may be following shortly. Not sure what to make of it at this point, but I hope this trend doesnt get any bigger....
― pete from the street, Friday, 5 March 2004 14:54 (twenty-one years ago)
― nader (nader), Friday, 5 March 2004 15:51 (twenty-one years ago)
So the preview factor is there, certainly.
One of the greatest 9/11-related impacts on my buying habits has been the US Dollar's downward spiral since. When I first began buying Kompakt discs, for example, I bought direct and would have continued to buy frequently. But the Euro's climb has made me extremely cautious and whereas I had been in the habit of buying ~4-5 discs/month generally (with the occasional overseas purchase), I've scaled that number back to 1-3.
A weak dollar's a bitch on imports.
― nader (nader), Friday, 5 March 2004 16:54 (twenty-one years ago)
I doubt any of you work for no pay.
There will be a few labels left standing and the independent scene will be dominated by them just like the mainstream is.
thanks
― angry, Wednesday, 5 May 2004 16:43 (twenty-one years ago)
― tylero (tylero), Wednesday, 5 May 2004 16:54 (twenty-one years ago)