Quote:
Originally Posted by Nightmare1z
Yeah, my only issue with this is what about the whole Sanctuary record deal. They still have 2 albums they have to do according to that contract I thought.
On Blabbermouth, one of the posters said she was the girlfriend of one the members and that it was a major legal issue now and Tolkki screwed them. However, since its BM, it could be anyone posting that.
However the point still stands. I'm interested to know the legal side of this. Especially since I thought they received that huge amount of money for signing to the label already (in the millions) and that they now have failed to perform their contract fully.
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During 2005-2006 Sanctuary went close but didn't quite go bankrupt. Most times there is a dedicated clause regarding the possible cases of acute disbanding or label going bankrupt before the contract is fufilled and how the financial risk and burdens will be carried in these cases. Obviously there was no exact clause for a case of the label becoming overtaken by a big corporate.
TT had the songs for a the second CD through Sanctuary done in early 2006 already and recording sessions started, but same time Sanctuary ceased releasing new CDs at all. Which left Strato hands tied hanging on thin air ever since. Negotiations were carried on without results for two years, until Oct 2007 there was nobody to negotiate with.
I think disbanding was the only legitimate way left for TT to get released of the contract and carry on with his musical career. The contract was originally signed bona fide between Strato and Sanctuary, but it ended up as a transferable object of trade in the hands of big corporates who really do not care wether a single (metal)band will live or die. Not really a situation anyone wishes to get stuck in.
...sometimes life just... sucks
Quote:
Originally Posted by Nightmare1z
Weird. I just checked and that comment is gone now...
Hmm
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I read it on BM the other day and whoever wrote it seemed to have at least a slight clue about the situation, even she did heavily accuse TT screwing the other members financially by disbanding Strato. But like you said, the post was censored already for whatever reason.
Anyway, obviously TT is galloping on full speed with his new band Revolution Renaissace on Frontiers Records' roster --> *
click*
.