Three Pieces Of Not-So-Great News

• The UK-based independent distributor Pinnacle Entertainment, whose distributed labels had a 4.3% market share in 2007 and included One Little Indian and Jeepster, is going into “administration,” which is similar to Chapter 11 reorganization on these shores. AIM, the UK’s trade body for independent labels, has called an emergency meeting to discuss this development. [Billboard]
• Australian label and distributor Creative Vibes, which was founded in 1994, is closing up shop “because of the recent, drastic drop in the value of the Australian dollar, combined with the spiralling demand for discounts and deals.” [Billboard]
• The German vinyl distributor Neuton, which worked with labels like Bpitch Control and Playhouse, reportedly announced that it was insolvent earlier this week. [side-line via TDS]