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Classic Rock, Metal Hammer and more go into liquidation; Orange Goblin frontman raises funds for staff

Laura  Barnes
Classic Rock, Metal Hammer and more go into liquidation; Orange Goblin frontman raises funds for staff

Team Rock, the company behind Classic Rock, Metal Hammer, Prog, the Golden Gods Awards and the Classic Rock Awards has gone into liquidation.

More than 70 people have been laid off following the collapse. Reportedly staff have been told that they would not be paid for the month of December, just one week before Christmas.

Joint administrator Tom MacLennan said Team Rock had traded at a loss “for a significant period of time”.

“The company explored every option to secure the long-term future of the business, however the constraints on the cash position of the business were such that administration was the only viable option,” he said.
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“The administration presents an excellent opportunity to acquire high profile rock music titles, products and brands that have a substantial global following.

“The brands and assets could appeal to a music publishing business looking to expand its portfolio, or an entrepreneur that sees the potential for developing the brands.”

Orange Goblin frontman Ben Ward has launched a crowdfunding campaign to help those who have lost their jobs.

“Today, 73 members of the Team Rock staff were told that the company is going into liquidation and that they are being made redundant with immediate effect with ZERO pay,” said Ward on the JustGiving page.

“These are good, hard-working, committed people that through Metal Hammer, Classic Rock, Prog Rock, TeamRock Radio and more, have supported the rock and heavy metal scene in this country for decades and now we, the rock community, need to pull together to help give something back.”

The community is hoping to raise £20,000 to help the Team Rock staff. You can get involved and show your support here.

Tags: classic rock , metal hammer , liquidation , Team Rock , Orange Goblin , Ben Ward

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