bankruptcy

Disrupt Festival promoter Synergy Global Entertainment files bankruptcy

Synergy Global Entertainment, the independent concert promotion company started by  John Reese, has filed for Chapter 7 bankruptcy protection. The filing reveals the company owes $8.4 million to its creditors. The company is behind many major music festivals such as Ozzfest Meets Knotfest and this summer’s first Rockstar Disrupt Festival. Read more: Talinda Bennington announces engagement […]

Gibson Guitar's plan to end bankruptcy has been approved

Gibson, an iconic guitar manufacturer in the music industry, has been lead out of bankruptcy following the approval of a plan that will keep them in business. The company’s submitted plan was approved by a U.S. Bankruptcy Court on Tuesday (Oct. 2). Read more:  Billie Joe Armstrong shows wholesome love to baseball fan According to a report […]

Gibson guitars files for bankruptcy

[Photos by: Gibson, Pexels] Gibson Brands, Inc., the rock-n-roll archetype of guitar manufacturing formerly known as Gibson Guitar Corp., announced on Tuesday that it's filing for Chapter 11 bankruptcy protection, according to a report from Rolling Stone. Read more: Guitar Center fires 100+ employees Confirming previous rumors of a looming bankruptcy, Gibson will enter a […]

iHeartMedia files for bankruptcy

[Photo by: @iHeartMedia/Twitter] iHeartMedia Inc., which happens to be the country's largest radio broadcaster with around 850 stations, is filing for bankruptcy, NPR reports. Read more: iHeartMedia reportedly preparing to file for bankruptcy As previously reported, the company was nearly $20 billion in debt because of its buyout in 2008, approximately $8.4 million of which is due in 2019. The company […]

Gibson issues statement on bankruptcy, getting back to "financial success"

[Photo by: Guitar Center/Gibson 2017 Les Paul Standard T Electric Guitar] Earlier this week, it was reported that Gibson guitar company is facing “imminent” bankruptcy, and the company has issued a statement regarding their financial situation. Read more: Gibson reportedly suing Funko for using Les Paul designs “While the musical instrument and pro audio segments have been profitable and growing, […]

Gibson reportedly facing bankruptcy

[Photo by: Guitar Center/Gibson 2017 Les Paul Standard T Electric Guitar] Gibson guitar company is reportedly facing “imminent” bankruptcy, the Dayton Daily News reports. Read more: Gibson reportedly suing Funko for using Les Paul designs The company, which produces the Les Paul, one of the most iconic guitars, abruptly lost their chief financial officer after less than a year on […]