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June 16, 2005
brutal - gaslight music needs help
It looks like Melbourne music institution Gaslight music are in financial trouble. They've apparently hired insolvency PPB Chartered Accountants, and they're looking for someone to come in and save the business.
They're currently owned by the chaosmusic.com crowd, but it appears that if they don't get an injection of cash or sell Gaslight, the doors will close. From what I've just read it sounds like Chaos used Gaslight to ad an element of legitimacy to it's business during the dotcom days, but now Gaslight is struggling it doesn't sound like they're willing to invest back into the store. Love to hear some more info or insights on this if you have any further information drop me a line on info@ausmusician dot com
It's a pretty sad scene if you go into Gaslight these days - the last few times I've been in there, it certainly doesnt have the feel and energy other independent record shops like missing link for example - has in bags. Regardless it would be a very sad thing to see it go.
Source: The Mercury Via themusic.com.au
Posted by funnelbc at June 16, 2005 03:13 PM
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