Cargo Records | |
---|---|
Founded | 1987 |
Founder | Eric Goodis Randy Boyd Phil Hill |
Defunct | 1997 |
Status | Defunct |
Genre | Alternative rock |
Country of origin | Canada |
Location | Montreal, Quebec |
Cargo Records was a Canadian independent record label and distributor, active in the 1980s and 1990s.[1] Based in Montreal, the company both released albums directly as a label, and distributed albums on behalf of many other small independent labels, making it one of the largest and most influential Canadian record companies of the alternative rock era.[1]
By the mid-1990s, the company was so powerful that its decline toward bankruptcy between 1995 and 1997 initially appeared destined to set off a cascading failure of the entire Canadian music industry;[1] however, these early predictions of disaster were averted as affected labels sought out new distribution arrangements.[2] This period of retrenchment, in turn, has been credited with stabilizing the industry and in turn paving the way for the Canadian indie rock boom of the early 2000s.[1]
bankruptcy
was invoked but never defined (see the help page).