Shock Publishing to publish no more
In what’s really rather big news for the local music industry, Shock Entertainment’s publishing arm has gone into liquidation. The GM of Shock Music Publishing, Clive Hodson, told The Music Network today: “It is with sadness I advise that effective immediately Shock Music Publishing has closed operation. All staff including myself have been let go. The company has been put into liquidation with administrators Lawler Draper Dillion now in control... I hope to see you all very soon and if anyone needs a cleaner please give me a call.”
The company issued a press release citing “the GFC, prolonged tough trading conditions [and] ever-changing consumer behaviour” for the fact that it’s “restructuring [to] focus on our core businesses”. In addition to publishing, Shock is also closing down One Stop Entertainment and also its export division, Shock Exports.
This doesn’t affect Shock Records, which will continue operating as normal, as will the company’s distribution business, which includes a profitable DVD distribution arm. However, you do wonder why a publishing company whose roster included prominent international acts like Kings of Leon and Grizzly Bear is being shut down – and what this might mean for the rest of the business. More details as we get them.