Hydra Head Records ahs issued an update about their status, including word of a new Helms Alee album--though to be released via Kickstarter rather than the label. In addition to the update on the band, they also issued a lengthy statement concerning funds raised and the label's overall financial stability. Check out a select portion below.
First off, THANK YOU to all of you who contributed/are contributing to the CO-OP's health by participating in our fundraising efforts. Whether you purchased a sticker, donated a dollar, or bought the entire Hydra Head Test Press Collection, every little bit has helped us regain some of our former strength and provided some stable ground on which we continue to tread. Because of your generous support in just a few short months we've managed to pay off some long standing debts, keep our remaining staff clothed and fed, and get five reissue projects into production*. While we're not out of the woods yet, we're doing a far sight better than we were before this whole Hydra Health -- Plan was initiated. Though our path out of the dark is still dim and strewn with obstacles, there is certainly hope for the future that we'll be able to continue repressing our back catalog, thanks to everyone who's helped shed some light along the way - and to all of those people, we are very grateful indeed.
