February 20, 2008 17:29

Polyphonic Spree, Holloways US label goes bankrupt

TVT files for Chapter 11 Bankruptcy

Polyphonic Spree, Holloways US label goes bankrupt
TVT, the home to The Polyphonic Spree and The Holloways in the US has gone bankrupt.

Lil Jon, the Ying Yang Twins and Ambulance Ltd are also on the label, which is based in New York City.

According to a statement the filing was made to “address urgent financial challenges and to support its future development."

The label has not shut down though, and will continue to market and promote its current projects and schedule upcoming releases.

--By our New York staff.
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